UniCredit Raises Direct Stake in Commerzbank to 26.77%
The Italian lender UniCredit has increased its direct holding in Commerzbank as it continues to push for a merger. Total ownership now stands at 32.64 percent.
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The corporate standoff between two of Europe's major financial institutions has intensified as UNICREDIT SPA increased its direct ownership in its German rival. According to a regulatory filing released on Thursday, the bank based in Italy now holds a 26.77% direct stake in COMMERZBANK AG, a slight increase from its previous position of 26.04%.
