German Chancellor Friedrich Merz sees no risk that Italy’s UniCredit (UNCRY) will be able to takeover Commerzbank (CRZBY), Arne Delfs and Donato Paolo Mancini of Bloomberg reports. “The bank’s stake in Commerzbank is now below the threshold at which it would have to make a takeover offer,” Merz told reporters. “It’s currently unclear whether this threshold will be reached or exceeded.”
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRZBY:
- Commerzbank price target raised to EUR 29 from EUR 26 at Deutsche Bank
- Commerzbank price target raised to EUR 24 from EUR 21.50 at RBC Capital
- CRZBY Upcoming Earnings Report: What to Expect?
- Commerzbank workers to protest possible UniCredit deal, Reuters reports
- Commerzbank price target lowered to EUR 23.75 from EUR 24 at Citi
