Merz Warns of Financial Risks From UniCredit-Commerzbank Tie-Up

German Chancellor Friedrich Merz reiterated his opposition to UniCredit SpA’s bid to take over Commerzbank AG, criticizing the Italian lender’s “unfriendly approach” and warning a combination could carry financial risks.

Asked about the issue at a news conference in Berlin Friday, Merz explained that his “reservations” about UniCredit’s move for Germany’s second-biggest bank are twofold.

“Firstly, the way this is being attempted is unfriendly, both toward Commerzbank and toward the Federal Republic of Germany,” the conservative leader told reporters.

“Secondly, the institution that would be created could represent a significant risk for the financial market because of the ...