Italy's UniCredit has increased its stake in Commerzbank to 28% while pursuing a bid for Banco BPM. While UniCredit targets Commerzbank as a strategic investment, it seeks regulatory approval from the ...
Crédit Agricole boosted its stake in BPM — borrowing a strategy UniCredit used on Commerzbank. The French bank insists it doesn’t aim to buy BPM. The Italian government seems OK with that.