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Category Business

Germany decries UniCredit bid for Commerzbank ‘unfriendly’

UniCredit surprised markets two weeks ago by revealing it had acquired a 9% stake in Commerzbank for about €700 million ($771.3 million), after outbidding other hopefuls for a part of the German government’s stake in the lender.  On Monday, Italy’s second-biggest lender caught financial experts…

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