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المشهد العربي
Source: المشهد العربي
3 Hrsالمشهد العربي
Source: المشهد العربي
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The European Central Bank has approved UniCredit’s request to increase its stake in Commerzbank to more than 30%, while allowing it to raise that stake to 100% of the German bank’s shares in future. Commerzbank has a market value of around €42 billion. Once the remaining regulatory approvals are secured, the Italian bank could control about 50% of its voting rights, paving the way for the takeover bid led by Andrea Orcel since September 2024, despite opposition from the German government and reservations on the part of Commerzbank’s management.
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