UniCredit offer
UniCredit reported that will present an official offer to Commerzbank’s shareholders to take over all the bank’s shares. As he emphasized, the goal is to exceed the 30% threshold provided for in German takeover law.
The share exchange ratio is to be determined in the coming days. As announced Commerzbank shareholders will receive 0.485 new UniCredit shares for each share they hold, which corresponds to a valuation of EUR 30.80 per share and a 4% premium. compared to the closing price on March 13 – wrote dpa.
Italians increase their stake in Commerzbank
The offer from the Italian bank is not a surprise. Already in March 2025, UniCredit obtained consent from the European Central Bank to increase its share in Commerzbank to nearly 30%. The green light was also given by the German Federal Antitrust Office.
UniCredit, present on the German market through HypoVereinsbank, has been trying to take over Commerzbank for months. In September 2024, he took advantage of the partial withdrawal of the German government and became a large-scale shareholder of the bank. Since then, pgradually increased its involvement, overtaking the German state and becoming the largest shareholder of Commerzbank.
UniCredit is on a collision course with the management of Commerzbank
The German government during the global financial crisis saved Commerzbank from collapse, having invested billions of euros, it still holds just over 12%. shares and declares that he does not intend to sell them. Chancellor Friedrich Merz emphasized that Berlin supports a “strong and independent Commerzbank”.
According to the dpa agency UniCredit is thus entering a collision course with the management of Commerzbankemployee representatives and the German government, who oppose the takeover.
Commerzbank is the second largest German private bank and the main shareholder of Polish mBank, in which it holds approximately 69%. shares.
Iwona Weidmann from Munich
