ECB Clears UniCredit to Take Control of Commerzbank After…
By Abdelaziz Fathi
Source excerpt · FinanceFeeds
UniCredit has received approval from the European Central Bank (ECB) to take control of Germany's Commerzbank, removing a major regulatory obstacle to a €45 billion takeover that could become Europe's largest cross-border banking acquisition since the global financial crisis. The Italian banking group announced on October 15 that the ECB had authorised it to exceed the 30% ownership threshold in C…