UniCredit boosts its stake in Commerzbank, applies to own up to 29.9% of the German bank
UniCredit has increased its stake in Commerzbank to around 21% and has requested to boost it to up to 29.9%. The Italian bank acquired additional shares through financial instruments, with the belief that there is substantial value to be unlocked within Commerzbank. The German government, a major shareholder since the 2008 financial crisis, stated it…