Employees of the German bank Commerzbank protested in May last year against a possible takeover by Italian UniCredit. (Archive photo). Photo: Kirill Kudryavtsev/Ritzau Scanpix
Italians want to buy German bank for 261 billion
The Italian bank UniCredit has launched a 35-billion-euro bid for Germany’s Commerzbank. Although UniCredit is already the largest shareholder with a 26% stake, the takeover attempt has met significant resistance. German Chancellor Friedrich Merz described the approach as “unacceptable” and...
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