
Germany does not expect UniCredit to go for full Commerzbank bid at present
ROME (Reuters) -Germany does not expect Italy’s UniCredit to launch a full bid for German rival Commerzbank (ETR:CBKG) at present, German Chancellor Friedrich Merz said on Saturday. UniCredit disclosed last year that it had built a web of financial transactions through derivatives to secure a Commerzbank stake of around 28%, and in March received European Central Bank approval to get to 29.9%. ...