Reported 29 days ago
UniCredit has acquired a 9% stake in Commerzbank, becoming its second-largest shareholder, as Germany begins to divest its holdings in the bank. This move by the Italian lender may pave the way for a potential takeover that could significantly impact Europe's banking sector. Commerzbank's shares jumped following the announcement, and UniCredit expressed interest in exploring partnership opportunities, while also maintaining its support for the current management's efforts to enhance performance.
Source: YAHOO