UniCredit, already the largest shareholder in Commerzbank, announced a full takeover in March that drew a frosty response from the German government, which itself owns 12 percent of the bank's shares

UniCredit, already the largest shareholder in Commerzbank, announced a full takeover in March that drew a frosty response from the German government, which itself owns 12 percent of the bank's shares

 MARCO BERTORELLO, Daniel ROLAND

Italian bank UniCredit wooed shareholders in Germany's Commerzbank with promises of higher returns on Monday as it hopes to win a 35-billion-euro ($41 billion) takeover battle fiercely opposed by many Germans.

UniCredit's chief Andrea Orcel said his "Unlocked" strategy for Commerzbank would refocus its operations on its core German market to spur faster growth.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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