UniCredit has announced it has raised its equity stake in Commerzbank to approximately 26%. In a statement, the bank also confirmed its remaining synthetic position will be converted into physical shares in due course, which will bring its total shareholding to roughly 29%. The Italian banking group clarified that it currently does not intend to seek representation on Commerzbank’s board of administration.
Italy Eyes Competitive Edge in US Footwear Market as MICAM Opens
Italy has positioned itself as the third-largest exporter of footwear to the United States, trailing