UniCredit, CommerzBank receives ECB approval

Unicrepit has approved the European Central Bank (ECB) for health up to 29.9% in the German company CommerzBank.

Italian banking believes that this approval emphasizes the “financial strength and regulation compliance.”

However, the German federal cartel office, including additional approvals, is required before transferring subsidiaries into physical shares.

The share of up to 29.9% is the 30% sign of a 30% sign of a mandatory sign of a compulsory sign under the German rules.

Uniicredit said the graph of a potential combination was “constructive dialogue” with the new German government built “for the” over the end of 2025 “.

The current interest in the Italian Bank’s CommerzBank includes 9.5% directly and 18.5% through derivatives.

In a statement, according to UniCredit, “as a shareholder, along with the latest and new optimistic view of our investment in German macro, the bank has increased significant at the bank stock price.

“However, if the plan is executed, only significant time will be discovered and will determine whether the valuation of such prices is right and sustainable.”

In 2009, Commerzbank, the state, noted that the ECB decision did not change the role of the Unicredit, emphasized its strategy and independence Reuters.

After following his predecessors to expand their predecessors in Germany, CEO Andrea Orcel, CEO Andrea Orcel, in September, in September, the state-selling rivals of Commergank double previously increased the share of the market in the market and made a decisive action.

Later, it was the right to provide 28% of the bank through a subsidiary.

At the beginning of this month, UniCredit, after the necessary approval, Ayion Bank and Vodeno was completed purchase of 376 million euros.

This operation, which is announced in July 2024, aims to increase Unicredit’s digital banking.

In the field of Poland Fintech, Banking-AA-service, Aion Bank operates as a digital bank with a subscription model.

Both were under Warburg Pincus since 2022, which cooperated on banking services previously installed in Europe.

“UniCredit gets ECB approval for Commerzbank area ground grounds” first created and published Retail Banker InternationalA global brand.

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