Italy's UniCredit on Friday said it was committed to financing Germany's medium-sized Mittelstand companies, seeking to allay concerns as it aims for a deal to take over Commerzbank.
Italian bank UniCredit has sought EU antitrust approval for its takeover of German peer Commerzbank , with regulators setting a November 16 deadline for their decision, according to a European Commission filing on Friday.
Berlin expects UniCredit to make clear commitments on jobs and Germany as a business location, government sources said on Tuesday, as the Italian lender moves closer to taking control of Commerzbank.
Commerzbank could potentially buy UniCredit's German bank HVB in shares as the German and Italian banks work on a possible merger, Commerzbank's CEO Bettina Orlopp said on Thursday.
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