UniCredit ups stake in Commerzbank to 21 percent …C0NTINUE READING HERE >>>
UniCredit has effectively become Commerzbank’s largest shareholder ahead of the German state.
Photo: Miguel MEDINA / AFP/File
Source: AFP
Italian lender UniCredit said on Monday it has increased its stake in Commerzbank to around 21 percent, fuelling speculation that it could seek a takeover of its German rival.
The move effectively makes UniCredit the largest shareholder of Commerzbank ahead of the German state, which has shown no interest in allowing Germany’s second-largest bank to…
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