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UniCredit ups Commerzbank stake amid takeover talk
Gulf Today
|August 26, 2025
Italian bank UniCredit said on Monday it had formally increased its stake in Germany's Commerzbank, bringing it closer to a possible takeover that has provoked uproar in Germany.
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UniCredit has since last year been building up a holding in its German rival, seeking a merger to create a pan-European banking giant, despite fierce opposition from Berlin.
In a statement, UniCredit said it had increased its direct stake in Commerzbank to 26 per cent by converting derivatives into shares.
That is up from a previous level of 20 per cent in July.
This story is from the August 26, 2025 edition of Gulf Today.
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