UniCredit's stake will surpass 47%, moving closer to taking control of Commerzbank.

As investors subscribed to enough shares, the potential stake of this Italian bank has risen to 47.6%. According to a statement released on July 8, by the acceptance deadline of July 3, shares representing 17.6% of Commerzbank’s capital had been subscribed, including over 5% subscribed during the two-week extension period. UniCredit previously held just under 30% of shares, including physical stocks and derivatives convertible into stocks. Read more