UniCredit's planned takeover of
Commerzbank is a good operation, Business and Made in Italy
Minister Adolfo Urso said Thursday.
"I think that to go down the road of what everyone wants, that
is, the Banking Union, it is important that there are banks, and
not just banks, of a supranational and European dimension," he
said.
I think that precisely for this reason it is a good operation
that substantially responds to the indications that together we
have given to Europe", Urso said on the sidelines of the EU
Competitiveness Council.
Italy's second-biggest bank has raised its stake in the German
bank to 21% and has asked the European central Bank's permission
to raise it to 29.9%.
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