Verdi union against Commerzbank cross-border merger regardless of bidder nationality

German trade union Verdi would oppose a cross-border merger for Commerzbank (CBKG.DE), opens new tab even if the bidder was not an Italian bank like UniCredit (CRDI.MI), opens new tab, an official said on Saturday. Berlin was taken aback by UniCredit's swoop to build a large stake in state-backed Commerzbank, a move the Italian bank says could lead to a merger.
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