Italian bank UniCredit on Monday made a 35-billion-euro ($40 billion) takeover offer for Commerzbank, a move likely to provoke fierce resistance from the German lender and the government in Berlin.
While stressing that it did not expect to take full control, UniCredit said it would raise its stake in Germany's second-biggest bank to more than 30 percent, triggering a mandatory takeover offer under German law.
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