UniCredit Caps Commerzbank Stake at 29.9%
UniCredit’s Commerzbank stake limit has actually reached a critical point right now, as the Italian bank officially declared it won’t exceed 29.9% ownership in Germany’s Commerzbank. This UniCredit Commerzbank stake limit announcement effectively puts a stop to UniCredit takeover rumors and also shows the bank’s careful approach to German banking consolidation through its UniCredit equity strategy. UniCredit trading chart showing recent price movements – Source: TradingView UniCredit Takeover Rumors Grow as Shareholding Cap Stalls Moves Italian banking giant UniCredit takes stake in Commerzbank – Source: finance-magazin.de The Friday filing actually revealed UniCredit’s position on its Commerzbank shareholding cap, which puts an end to immediate UniCredit takeover rumors for now. The Italian lender communicated directly to Commerzbank about maintaining its current UniCredit Commerzbank stake limit, and this signals a temporary pause in German ba...