UNICREDIT COMMERZBANK TAKEOVER WINS ECB APPROVAL

What happened: UniCredit said it received European Central Bank authorization to take over Commerzbank, after a hostile bid concluded in July. Key numbers: UniCredit's stake in Commerzbank reached 48%. The offer was valued at €45 billion. Why it matters: The approval lets UniCredit receive the tendered Commerzbank shares and proceed with plans that could create Europe's largest cross-border banking deal since the 2008 financial crisis. Coverage: 5 outlets in 24h

ECB approval advances UniCredit's Commerzbank takeover, a major European bank consolidation catalyst.

ECB approval advances UniCredit's Commerzbank takeover, a major European bank consolidation catalyst. — impact context not separately stored; see What changed.