UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit

The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.Italy's UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take the leap with a buyout of the German lender.This marks an increase from a 21% holding previously.Italy's second-largest bank said its ownership now consists of a 9.5% direct stake and around 18.5% through derivative instruments.UniCredit has app ...