UniCredit Seizes a Majority Stake in Commerzbank

UniCredit Bank of Italy announced its acquisition of a majority stake of 47.6% in Commerzbank, the German bank, following the end of the takeover offer period. Despite opposition from the German government, their response increased, leading to a further increase in their shareholding, with a response rate reaching 17.6% of the targeted shares after the mandatory two-week extension. The German government continues to oppose the move and retains a sovereign stake estimated at 12% of Commerzbank's shares.

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