UniCredit boosts its stake in Commerzbank, applies to own up to 29.9% of the German bank

Commerzbank headquarters in the financial district of Frankfurt, Germany, on Sept. 12, 2024. UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%. The Italian bank acquired the additional Commerzbank shares through financial instruments, it said in a Monday statement. Earlier this month UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired fr ...