UniCredit launches bid for Commerzbank shares, seeking to revive takeover talks

Italian bank UniCredit is making a move on German lender Commerzbank. UniCredit is launching an unsolicited offer to boost its stake to over 30 percent. This aims to encourage Commerzbank to enter merger discussions. UniCredit already holds a significant stake. The offer is designed to overcome a legal threshold and foster engagement. The price is set at 0.