EU regulators said to signal support for potential UniCredit takeover of Commerzbank

seekingalpha10-15

European regulators have signaled that UniCredit's (OTCPK:UNCFF) (OTCPK:UNCRY) possible acquisition of rival Commerzbank (OTCPK:CRZBF) (OTCPK:CRZBY) is likely to receive a green light, according to a ...

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The European Central Bank is expected to support an offer from UniCredit , with most officials expressing a favorable outlook on cross-border consolidation as a means to reduce financial fragmentation and enhance bank profitability across Europe, officials from Germany and various other jurisdictions noted, Bloomberg reported. Meanwhile, the German government, which owns a 12% stake in Commerzbank , is trying to thwart a takeover, Reuters had reported, adding that Berlin was surprised by UniCredit  building a large stake in Commerzbank . The Italian lender has said the move could result in a merger. Some supervision officials pointed out the inconsistency between the German government's backing of European Union integration and its opposition to a UniCredit a","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","CRZBF":"Commerzbank AG","UNCFF":"UniCredito Spa","CRZBY":"Commerzbank AG","UNCRY":"UniCredito Spa"},"translate_title":"据称，欧盟监管机构表示支持联合信贷银行收购德国商业银行的可能性","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRZBF":0.9,"CRZBY":0.9,"UNCFF":0.9,"UNCRY":0.9},"content_text":"European regulators have signaled that UniCredit's (OTCPK:UNCFF) (OTCPK:UNCRY) possible acquisition of rival Commerzbank (OTCPK:CRZBF) (OTCPK:CRZBY) is likely to receive a green light, according to a Monday media report, citing several senior central bank and supervision officials. The European Central Bank is expected to support an offer from UniCredit (OTCPK:UNCFF), with most officials expressing a favorable outlook on cross-border consolidation as a means to reduce financial fragmentation and enhance bank profitability across Europe, officials from Germany and various other jurisdictions noted, Bloomberg reported. Meanwhile, the German government, which owns a 12% stake in Commerzbank (OTCPK:CRZBF), is trying to thwart a takeover, Reuters had reported, adding that Berlin was surprised by UniCredit (OTCPK:UNCFF) building a large stake in Commerzbank (OTCPK:CRZBF). The Italian lender has said the move could result in a merger. Some supervision officials pointed out the inconsistency between the German government's backing of European Union integration and its opposition to a UniCredit acquisition, Bloomberg said. 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