--Italy's UniCredit is readying a bid for Commerzbank, as negotiations to merge the German lender with Deutsche Bank face difficulties, the FT reports, citing anonymous sources.

--UniCredit doesn't plan to gatecrash the current merger talks but would step in if they fall through, the FT says.

--The plan involves UniCredit buying a large stake in Commerzbank then merging it with fellow German bank HypoVereinsbank, which it already owns, according to the FT.

Full story: https://on.ft.com/2FNBCws

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(END) Dow Jones Newswires

April 04, 2019 01:39 ET (05:39 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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