FRANKFURT, March 14 (Reuters) - UniCredit has disclosed that the European Central Bank approved its acquisition of up to 29.9% of Commerzbank, the Italian bank reported on Friday. UniCredit stated it is inclined to delay any acquisition decision until the upcoming year.
1. Key metrics for the two banks are as follows.
2. Commerzbank's shares have surged since UniCredit initiated its stake.
3. However, Commerzbank's shares remain significantly below their pre-financial crisis peak when the German government intervened with a bailout.