According to Jinshi Data on September 4, Commerzbank said in a statement that the German government plans to reduce its stake in the financial institution and will inform the relevant steps of the reduction in due course. The statement said that the sale of the relevant shares will be carried out in a transparent, non-discriminatory and market-friendly manner.
Germany has held a stake in Commerzbank ever since it bailed it out during the financial crisis more than a decade ago, with the country now owning 16.5 percent of the bank, according to an announcement on Tuesday.
Commerzbank has benefited greatly from the European Central Bank's interest rate hikes that began two years ago. Its shares are up about 20% so far this year.