(Finance) – In a few days UniCredit should submit to the European Central Bank (ECB) therequest for authorization to increase from the current 9% to 30% Of Commerzbanktakeover threshold. Messaggero writes, explaining that Frankfurt will have 60 days to give its consent, except for the request for some clarifications on the acquisition modalities that could concern the business combination.
According to the newspaper, the move could also serve to curb any plans to Deutsche Bank. Among the options that CEO Christian Sewing is reportedly studying is the purchase of part or all of the remaining 12 percent stake in Commerzbank still held by the German government.