Commerzbank shares fall after finance minister says govt to shed stake in future

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“In the long run, the state will not be a shareholder in Commerzbank,” Christian Lindner was quoted as saying by Handelsblatt newspaper.

Lindner said he would take into consideration taxpayers’ financial interest and the importance of Commerzbank for Germany’s medium-sized economy when this decision is made in the future.

The government holds a stake of more than 15% in Commerzbank following a bailout during the financial crisis.

Commerzbank Chief Executive Officer Manfred Knof said in November it would be better if the government shed its stake in the bank at some point.