German regulator sets April deadline for any initial UniCredit-Commerzbank nod
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FILE PHOTO: UniCredit bank logo is pictured in Rome, Italy, November 25, 2024. REUTERS/Yara Nardi/File Photo
DUESSELDORF (Reuters) - A deadline for German antitrust authorities to give possible initial approval for Italy's UniCredit in taking a substantial stake in Germany's Commerzbank expires on April 14, a spokesperson for the regulator said on Wednesday.
Last month, UniCredit lodged an application with the German authorities for the approval, and earlier on Wednesday the Italian bank's CEO said the authorization process was taking longer than expected.
(Reporting Matthias Inverardi; writing by Tom Sims; editing by Matthias Williams)
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