Reported 22 days ago
Italy's UniCredit has doubled its equity stake in Germany's Commerzbank to 20% by converting derivatives, as it navigates significant opposition to a potential takeover. The move comes as UniCredit seeks to assert itself as a major investor while calling for discussions with the German government. Despite a mixed response from Commerzbank, UniCredit plans to further increase its holdings, emphasizing a commitment to discussions about the future of its investment.
Source: YAHOO