Italian UniCredit Bank is closely following the negotiations between Commerzbank and Deutsche Bank and may, in the event of a deal disruption, make its proposal to purchase a controlling stake in Commerzbank. This was reported to Financial Times by informed sources. Both German banks restructured their work, but did not improve their performance. According to estimates of the German authorities, their merger will lead to the creation of a large national bank that will become a worthy competitor for the leading credit institutions in Europe. However, the transaction may face a number of obstacles, including the refusal of shareholders to allocate additional capital after their merger. UniCredit intends to offer the purchase of the Commerzbank package, market capitalization of which is 9 billion euros, and then merge it with HypoVereinsbank.
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