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UniCredit's German subsidiary, slated to merge with Commerzbank

The European Central Bank gave UniCredit permission on Oct. 15 to raise its stake in Commerzbank above 30%, with no upper limit. The approval lets the Italian bank take delivery of shares tendered in its €45 billion offer. UniCredit expects to hold about 50% of voting rights and take control around the end of 2026, once the remaining regulatory steps are done.

Updated 7 days ago