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Commerzbank commits to strategy as UniCredit ups direct stake
Commerzbank commits to strategy as UniCredit ups direct stake
Economy
by  AFP

German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid. Commerzbank has strongly resisted a possible takeover by UniCredit since the Italian bank announced in September it had quietly built up a stake in the German group.