logo
welcome
CNBC

CNBC

UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit

CNBC
Summary
Nutrition label

79% Informative

UniCredit raises its potential stake in Commerzbank to 28% using further derivatives.

This marks an increase from a 21% holding previously.

UniCredit has applied to the European Central Bank for permission to acquire a stake of up to 29.9% in the German bank.

CEO Andrea Orcel simultaneously pursues a bid for Italian peer Banco BPM .

VR Score

88

Informative language

91

Neutral language

85

Article tone

semi-formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links