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UniCredit gets German approval to nearly triple its stake in Commerzbank to 30%.
UniCredit has received approval from Germany's Federal Cartel Office to increase its stake in Commerzbank to nearly 30%, up from 9.5%.
This follows a similar green light from the European Central Bank.
Commerzbank, aiming to stay independent, says the approval doesn't change its situation.
The German government, as the largest shareholder with a 12% stake, will watch UniCredit's next steps, which could lead to a full takeover.
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UniCredit obtiene la aprobación alemana para casi triplicar su participación en Commerzbank al 30%.