Update: UniCredit Launches Commerzbank Takeover Bid
Idag, 12:05
06:05 AM EDT, 05/05/2026 (MT Newswires) -- (Updates to add UniCredit's statement)
UniCredit (UCG.MI) commenced the acceptance period of its takeover proposal for Commerzbank (CBK.F) on Tuesday, according to a same-day filing.
The acceptance period runs until June 16. Under the proposal, Italy-based UniCredit is offering 0.485 of its own shares for each share in Germany's Commerzbank.
Bloomberg News earlier reported that the bid implies a price of 32 euros per share based on Tuesday's opening, 8% below the target's market price. The amount represents 35 billion euros for the lender as a whole.
UniCredit owns a 30% stake in Commerzbank, while the German government holds 12%.
Commerzbank did not immediately respond to MT Newswires'request for comment.
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Update: UniCredit Launches Commerzbank Takeover Bid
Idag, 12:05
06:05 AM EDT, 05/05/2026 (MT Newswires) -- (Updates to add UniCredit's statement)
UniCredit (UCG.MI) commenced the acceptance period of its takeover proposal for Commerzbank (CBK.F) on Tuesday, according to a same-day filing.
The acceptance period runs until June 16. Under the proposal, Italy-based UniCredit is offering 0.485 of its own shares for each share in Germany's Commerzbank.
Bloomberg News earlier reported that the bid implies a price of 32 euros per share based on Tuesday's opening, 8% below the target's market price. The amount represents 35 billion euros for the lender as a whole.
UniCredit owns a 30% stake in Commerzbank, while the German government holds 12%.
Commerzbank did not immediately respond to MT Newswires'request for comment.
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