Italy’s UniCredit took a stake of around 9% in smaller German peer Commerzbank and opened the door to further share purchases, reviving the prospect of a deeper tie-up between the banks.
The Italian bank, one of the biggest in the eurozone, said it would engage with Commerzbank about value-creating opportunities and request authorization to potentially exceed a 9.9% shareholding at a later date. The bank said it bought 4.49% of Commerzbank from the German government and the rest on the market.

UniCredit said it supports Commerzbank’s management and supervisory boards and the progress they made in improving the bank’s performance.
The German finance agency earlier said it sold a first block of its crisis-era stake in Commerzbank for €702 million, or about $773.6 million, reducing its shareholding to 12% from 16.49%. UniCredit outbid all other offers by paying €13.20 a share, a premium to Commerzbank’s closing price of €12.60 a share, the agency said. The German government remains the largest shareholder in Commerzbank after the sale.

You can get Unicredit valuation and Commerzbank valuation, here https://www.growthvaluation.com/download-category/evaluations/