UniCredit wins ECB approval for Commerzbank stake
Italy’s UniCredit has received the go-ahead from the European Central Bank to increase its stake in German rival Commerzbank to up to 29.9 per cent, but said the timeline for deciding on any potential takeover was likely to “extend well beyond the end of 2025”.
1. The following are key metrics for the two banks. 2. Commerzbank's shares have soared since UniCredit began building its ...
"Alongside the Commerzbank Tower, the new building will be an important anchor for Commerzbank in Frankfurt's city centre," Commerzbank human resources chief Sabine Minarsky said.
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Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCreditUniCredit now owns a direct 9.5% stake and a 18.5% stake via derivatives in Commerzbank, after first building its stake in September, then subsequently increasing its position. The move has been ...
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