Last month, Germany’s Federal Cartel Office approved Italy’s second-largest lender’s plan to purchase a major stake in state-backed Commerzbank. UniCredit revealed last year that it had secured a position of around 28%, with plans to increase it to 29.9%, just short of the 30% threshold requiring it to submit a public bid for the entire bank. A week later, however, UniCredit said its €10 billion unsolicited bid for domestic rival Banco BPM had stalled after the Italian government imposed

Tag-uri: UniCredit Bank Italia