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Euronews
Euronews
Angela Barnes

Germany formally rejects UniCredit's €39bn Commerzbank offer

Commerzbank UniCredit Germany BaFin Commerzbank AG

The Milan-based bank launched its bid valued at €35 billion ($40.6bn) in early May to gain control of its German rival and cement its status as a European heavyweight.

UniCredit's offer officially ends Tuesday at 11:59 pm (2159 GMT), unless extended.

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