UniCredit S.p.A.

Money Moves

Acquirer awaiting the final regulatory steps to complete its Commerzbank takeover

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

Money Moves

Selling most of Russian business, keeping payments unit

On October 5, Vladimir Putin signed an order letting UniCredit restructure its Russian subsidiary and sell most of it to a UAE-based private investor. The Italian bank keeps a slimmed-down payments operation; the buyer takes the rest.

Updated Oct 17