COMPANIES The German government insisted on Friday it would not seek to exert influence over the day-to-day business at Commerzbank in spite of the partial nationalisation of Germany’s second largest bank.
Analysts warned it could be five years before the government was in a position to reduce or sell its stake of 25 per cent plus one share, which it agreed to take this week after indications that Commerzbank would fall dangerously short of capital when it takes over Dresdner Bank this month.
