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International Business Times
International Business Times
Business
Sam Reeves

UniCredit Takes Stake In Commerzbank, Fueling Tie-Up Talk

Commerzbank UniCredit Germany
UniCredit, Italy's second-biggest bank, paid 1.4 billion euros to a stake in Germany's Commerzbank (Credit: AFP)

Commerzbank shares soared Wednesday after Italian bank UniCredit acquired a nine-percent stake in Germany's second-biggest lender, half of it from the German state, fuelling speculation about a potential takeover.

Italy's second-biggest bank paid around 1.4 billion euros ($1.5 billion) for the acquisition.

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