FRANKFURT, Aug 25 (AFP): Italian bank UniCredit said Monday it had formally increased its stake in Germany's Commerzbank, bringing it closer to a possible takeover that has provoked uproar in Germany.
UniCredit has since last year been building up a holding in its German rival, seeking a merger to create a pan-European banking giant, despite fierce opposition from Berlin.
In a statement, UniCredit said it had increased its direct stake in Commerzbank to 26 per cent by converting derivatives into shares.
UniCredit ups Commerzbank stake amid takeover talk
FE Team | Published: August 26, 2025 00:29:05
UniCredit ups Commerzbank stake amid takeover talk
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