US EditionGermany Approves UniCredit Stake In Commerzbank
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Germany Approves UniCredit Stake In Commerzbank
UniCredit revealed last year that it had secured a position of around 28%, with plans to increase it to 29.9%, just short of the 30% threshold requiring it to submit a public bid for the entire bank. A week later, however, UniCredit said its €10 billion unsolicited bid for domestic rival Banco BPM had stalled after the Italian government imposed conditions under its so-called Golden Power rules, which allow the state to block or place restricti…
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