UniCredit Increases Stake in Commerzbank to 42.5%
UniCredit has raised its stake in German bank Commerzbank to 42.5% following the initial acceptance period of its takeover bid, which saw valid acceptances for 12.51% of shares. The Italian lender plans to reopen the offer until July 3 as it continues efforts led by CEO Andrea Orcel.
Topics: banking shareholding increase takeovers