UniCredit becomes Commerzbank's largest shareholder.

◻️UniCredit increased its stake in Commerzbank to 28%, becoming the German bank's largest shareholder.

◼️The Italian bank reached this share by purchasing Commerzbank's shares with financial instruments, and had previously announced that it would file a legal application to increase its share to 29.9%.

◻️UniCredit acquired a 9% stake in Commerzbank on September 11, and increased this rate to 21% on September 23. The German state owns a 12% stake in Commerzbank, while BlackRock owns a 7.2% stake. Commerzbank made a profit of 2.2 billion euros in 2023.