UniCredit ups stake in Commerzbank to 21 percent

By Yahoo! Finance | Sep 23, 2024 at 09:42 AM EST

UniCredit has increased its stake in Commerzbank to 21%, potentially signaling a takeover bid. It aims to raise its stake to 29.9% and has the option to retain, sell, or increase its shareholding based on discussions with Commerzbank stakeholders.

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