The agency stated that the offer failed to provide a sufficient premium on Commerzbank’s current share price, rendering the deal unviable from a strictly financial perspective. By prioritizing the bank's status as a standalone institution, the government has signaled that it is not currently open to foreign acquisition of the Frankfurt-based lender. The rejection underscores the protective stance Berlin maintains over its domestic banking infrastructure, particularly when potential takeovers do not meet rigorous valuation benchmarks.