UniCredit raises Commerzbank stake to 37.68 percent
UniCredit says its Commerzbank offer acceptances rose to 10.91 percent. This brings its total holding in the German lender to 37.68 percent following a recent filing.
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UNICREDIT SPA increased its total stake in COMMERZBANK AG to 37.68% after acceptances for its voluntary public share offer rose to 10.91%. This consolidation follows an unsolicited bid that previously pushed the Italian lender's total holding above the mandatory 30% takeover threshold. The move signals a tightening grip on the German bank as UNICREDIT SPA pursues a larger European footprint.
