German cartel office clears UniCredit stake in Commerzbank

UniCredit Faces Government Conditions for Green Light on BPM Bid

The Italian government is set to request conditions including constraints on UniCredit SpA’s Russia business in order to approve its takeover bid for Banco BPM SpA, according to people familiar with the matter.

Milan's Großbank Unicredit is allowed to increase its share of Commerzbank to just under 30 percent.

The Federal Cartel Office allows the Italian major bank Unicredit to further increase its shares in the German Commerzbank.

German cartel office clears UniCredit stake in Commerzbank

Germany's antitrust authorities have approved UniCredit's plans to buy a major stake in Commerzbank but the federal government continues to say the Italian lender's approach amounts to a "hostile takeover."

German antitrust OKs UniCredit upping Commerzbank stake

Germany's antitrust authority on Monday approved UniCredit's upping its stake in Commerzbank from 28% to 29.9% ahead of a full takeover bid. (ANSA)