UniCredit takes stake in Commerzbank, fuelling tie-up talk

UniCredit takes stake in Commerzbank, fuelling tie-up talk …C0NTINUE READING HERE >>>

UniCredit, Italy’s second-biggest bank, paid 1.4 billion euros to a stake in Germany’s Commerzbank.
Photo: MARCO BERTORELLO, Armando BABANI / AFP/File
Source: AFP

Commerzbank shares soared Wednesday after Italian bank UniCredit acquired a nine-percent stake in Germany’s second-biggest lender, half of it from the German state, fuelling speculation about a potential takeover.

Italy’s second-biggest bank paid around 1.4 billion euros ($1.5 billion) for the acquisition.

Half the shares were…

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