He The German government has decided on Friday to suspend the sale of Commerzbank shares «until further notice»«, after UniCredit bought a 4.49% stake on September 11, it reported in a statement. «At its meeting on September 20, 2024, the inter-ministerial steering committee responsible for key decisions of the Financial Market Stabilization Fund (FMS) decided that The FMS will not sell any additional shares until further notice following the partial sale of shares in Commerzbank on 10/11 September«, the German Executive has detailed. In addition, it has added that «this also includes sales related to any share repurchase by Commerzbank«. «Commerzbank It is a stable and profitable institution. The bank's strategy is geared towards independence. The federal government will support this until further notice by maintaining its shareholding,» he explained. Meanwhile, the entity is seeking to accelerate the process to replace its CEO, Manfred Knofwhile facing a possible takeover attempt by rival UniCredit. According to Bloomberg, CFO Bettina Orlopp is seen as a strong candidate to succeed Knof, although the bank will also evaluate external candidates with the help of headhunting firm Egon Zehnder.