I don't understand your last paragraph. The federal government sold the shares directly to Unicredit. What's the problem with that?
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@Transporter The Federal Republic of Germany is planning further reductions in its own shares.
In the event of a merger between UniCredit and Commerzbank, this could also have an impact on the valuation of the BRD shares. Positive but also negative. :)

(I have adjusted the text a little.)
@Staatsmann That's the right thing to do. The state should not interfere in the economy and with a takeover vision it is of course better for the price.
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@Transporter The investment was not for economic reasons but as part of the bank rescue a few years ago.
@Staatsmann I realize that, it's not the first time the state has done this, see Lufthansa with Corona, Uniper or now with Meyer Werft. Nevertheless, the state should stay out of economic issues as much as possible and get rid of any shares as quickly as possible. The Meyer Weeft issue will probably be a flop. However, the entry of Unicredit can only be an advantage for the sale of Commerzba k shares.
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@Transporter It is precisely at such times that the state intervenes, namely when it is necessary to avoid major problems.

Lufthansarendite alone has outperformed some portfolios that make fun of "Sparbuch Olaf". Uniper was also quite profitable.