Finance
ECB Nod Is ‘Catalyst’ for UniCredit’s Commerzbank Move, Mediobanca Says
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UniCredit SpA’s move on Commerzbank AG will probably come to a head once the Italian lender gets approval from the European Central Bank to increase its existing stake, a Mediobanca analyst said.
The ECB nod “should be a catalyst for the deal,” Andrea Filtri said in a note on Wednesday. A combination is “sensible both financially and strategically,” he said.