March 12, 2019 / 10:06 AM / 4 months ago

Germany's Verdi union voices disapproval of any Deutsche-Commerzbank merger

FRANKFURT, March 12 (Reuters) - Germany’s Verdi labour union on Tuesday voiced strong objections to a possible merger between Deutsche Bank and Commerzbank, arguing that a combined entity would be a more attractive target for a hostile foreign takeover.

The union, in a statement e-mailed to Reuters, also said that a merger would put at least 10,000 jobs at risk. (Reporting by Tom Sims Editing by Riham Alkousaa)

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