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Italian bank UniCredit raises its stake in Commerzbank to 28%, seeks up to 29.9% ownership.
Italian bank UniCredit has increased its stake in German bank Commerzbank to 28%, with 9.5% held directly and the rest through derivatives.
UniCredit has applied to the European Central Bank for permission to acquire up to 29.9% of Commerzbank.
Meanwhile, UniCredit's CEO Andrea Orcel is also pursuing a bid for Italian bank Banco BPM, stating that the Commerzbank investment does not affect this pursuit.
4 months ago
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