Commerzbank's supervisory board created a special committee to discuss UniCredit's stake in the German lender and met five times in 2024, Commerzbank disclosed on Wednesday in its annual report.
Commerzbank hasn't had talks with UniCredit since the Italian lender last week got approval from the European Central Bank for taking a stake of just under 30%, Commerzbank CEO Bettina Orlopp said on Thursday.
A deadline for German antitrust authorities to give possible initial approval for Italy's UniCredit in taking a substantial stake in Germany's Commerzbank expires on April 14, a spokesperson for the regulator said on Wednesday.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
The European Central Bank has given UniCredit approval to buy up to 29.9% of Commerzbank , the Italian bank said on Friday, adding it would likely wait until next year before deciding whether to pursue an acquisition.
The Italian bank said it had received authorization to increase its holding in the potential takeover target to up to 29.9%.
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