00:00That is factually not true, because Unicredit has bought one of the largest German banks,
00:07the Ipoh Varense Bank. We are a very, very open banking market. Recently, a Dutch bank
00:12has bought one of the largest German private banks. The same has happened with a French
00:17bank. Italian and French insurance companies are very active, they have acquired German
00:22companies. The same is true for the financial services company. The financial market in
00:27Germany is generally very, very open. What we are concerned about in this specific case
00:32is the very non-transparent and opaque behavior of the acquiring bank, because we are deeply
00:39convinced that hostile takeovers are not a recipe for success when we talk about banks
00:44of systemic relevance. It means that the management of Unicredit should talk about the operation
00:49with the German government. We ask them. This is up to them to decide.
00:54Unicredit management should come to the German government and talk about that.
00:58That is up to them.
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