UniCredit hires Lazard, JPMorgan for Commerzbank bid

German bank shares surge on news

(ANSA) - Milan, May 14 - Italy's biggest bank by market capitalisation UniCredit on Tuesday hired the Lazard and JPMorgan investment banks to act as advisers on a possible bid for German bank Commerzbank.
    Commerzbank shares rose 5.3% on the news.
   

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