Italy's UniCredit further expands stake in Germany's Commerzbank

NAMPA / DPA

2024-12-18

Rome/Frankfurt (dpa) - Major Italian bank UniCredit is expanding its stake in German lender Commerzbank through financial instruments, with the total position now amounting to around 28%, the Italian bank announced on Wednesday. The move is in line with the aim of expanding the stake to 29.9% and underlines UniCredit's belief in a strong German banking sector, the Milan-based bank said. The move has been widely seen as part of an eventual move by......

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