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International Business Times
International Business Times
Business
Brigitte HAGEMANN

UniCredit Ups Stake In Commerzbank To 21 Percent

Commerzbank UniCredit
UniCredit has effectively become Commerzbank's largest shareholder ahead of the German state (Credit: AFP)

Italian lender UniCredit said on Monday it has increased its stake in Commerzbank to around 21 percent, fuelling speculation that it could seek a takeover of its German rival.

The move makes UniCredit effectively the largest shareholder of Commerzbank ahead of the German state, which has shown no interest in allowing Germany's second-largest bank to be bought.

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