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UniCredit to issue new shares to finance Commerzbank takeover
๐Ÿ“ˆ Business

UniCredit to issue new shares to finance Commerzbank takeover

UniCredit's board of directors decided to increase share capital through a new share issuance. The funds raised will be used to settle the offer to acquire German Commerzbank. This is the next step by the Italian bank in its effort to gain control of one of Germany's largest banks.

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