UniCredit already holds a 38.87% stake in Commerzbank

According to a voting rights notification published by Commerzbank yesterday, UniCredit S.p.A. now holds a 38.87% stake, up from the most recently reported 32.64%; of this, 26.77% is held directly via shares and 12.10% via "instruments" (total return swaps).

A voting rights share of just under 40% is likely to be sufficient to secure a majority at Commerzbank’s Annual General Meeting.