UniCredit closes in on Commerzbank takeover
Summary
Italy’s bank UniCredit is close to taking over Germany’s bank Commerzbank after acquiring nearly half of its shares. The German government, which owns part of Commerzbank, is opposing this takeover.Key Facts
- UniCredit is Italy’s second largest bank.
- Commerzbank is Germany’s second largest bank.
- UniCredit recently secured 47.6% of Commerzbank’s shares.
- The German federal government owns 12% of Commerzbank.
- The German government is against the takeover by UniCredit.
- The takeover is described as "hostile" by some German sources.
- This deal is a major development in European banking.
- The news was reported in July 2026.
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