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UniCredit: 9% stake in Commerzbank
(CercleFinance.com) - UniCredit announces the acquisition of a 9% stake in Commerzbank AG, including 4.
49% via an accelerated offer to the German state. UniCredit says it supports Commerzbank's management and will be committed to exploring value-creating opportunities for both banks. UniCredit may seek regulatory approval to exceed 9.9% if necessary. The transaction will impact its CET1 ratio by 15 basis points without affecting its distribution policy. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
20/12/2024 17:56
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