Italy's deputy prime minister Matteo Salvini opposes moving UniCredit's legal base to Germany as part of a possible deal with Commerzbank.

Salvini said the Italian government is considering various hypotheses, but he would not agree with moving UniCredit's legal base. The company has acquired a 9% stake in Commerzbank and plans to increase its stake to about 21%. A possible merger has sparked tensions in both Italy and Germany.