UniCredit to Increase Commerzbank Stake: No Takeover Planned | Finance News
FRANKFURT/MILAN, March 16 – Italian banking group UniCredit announced Monday its intention to increase its stake in German lender Commerzbank to over 30%, triggering a mandatory offer under German takeover regulations. The move, however, is not expected to result in UniCredit gaining control of Commerzbank, according to a statement released by the Italian bank. UniCredit … Read more