ECB Document Says UniCredit's Commerzbank Bid Likely to Get Approval
The ECB Supervisory Board sees no basis to block UniCredit’s bid for Commerzbank, but expects a challenging, long-lasting integration. German supervisors are requiring a mitigation strategy to build support within Commerzbank and stronger checks and balances at UniCredit, after concerns about the board and about aggressive, partially opaque behavior during stake building via a roughly 48% holding funded by a €43 billion bid.