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CommerzbankCNBC
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88% Informative
Last week , UniCredit announced it had taken a 9% stake in Commerzbank , confirming that half of this shareholding was acquired from the government.
Berlin has been a major shareholder since it injected 18.2 billion euros to rescue the lender during the 2008 financial crisis.
UniCredit continues to surprise markets with some stellar quarterly profit beats.
Analysts are hoping that a move by UniCredit will encourage more cross-border consolidation.
Commerzbank has always been a "big candidate for a takeover" in the German banking sector.
Deutsche Bank is said to be mounting its own defense strategy in the wake of UniCredit 's stake.
Analyst Filippo Alloatti said Deutsche Bank could put on a "brave face" and consider ABN Amro .
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