UniCredit

“UniCredit of Italy has increased its stake in German lender Commerzbank to 47.6% of outstanding shares and 49.65% of voting shares, after securing 17.6% via a tender offer.”

“Germany owns 12% of Commerzbank, and has vocally opposed the deal (alongside company management and labor unions).”

“The ECB has been pushing for cross-border bank consolidation, and technically has the final say.”