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Italy’s UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY) has bought a 9% stake in Germany’s Commerzbank (OTCPK:CRZBF) (OTCPK:CRZBY), a move that has sparked speculation about a potential merger in the banking sector.
the acquisition Includes 4.49% purchased from the German government and the remaining shares acquired. The market.
The German government has gradually reduced its stake in Commerzbank (OTCPK:CRZBF). The acquisition makes UniCredit (OTCPK:UNCFF) one of Commerzbank’s (OTCPK:CRZBF) largest shareholders.
Manfred Knoof, CEO of Commerzbank (OTCPK:CRZBF), said on Tuesday: It will not serve Another period after his contract expires in December 2025.
Earlier, the German government expressed its reluctance to allow a foreign buyer to take over Commerzbank (OTCPK:CRZBF).
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