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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
UniCredit has increased its stake in Germany’s Commerzbank from about 9 per cent to 21 per cent, in a move that could kick-start a hostile bid for the rival lender.
The Italian bank said on Monday it had taken a position in a further 11.5 per cent of Commerzbank’s shares, but that the deal would not complete until “the required approvals have been obtained”.
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