{"id":29379,"date":"2026-06-03T04:39:42","date_gmt":"2026-06-03T04:39:42","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/29379\/"},"modified":"2026-06-03T04:39:42","modified_gmt":"2026-06-03T04:39:42","slug":"italys-unicredit-secures-more-than-a-third-of-germanys-commerzbank-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/29379\/","title":{"rendered":"Italy’s UniCredit secures more than a third of Germany’s Commerzbank"},"content":{"rendered":"

\"The The bank’s logo hangs on the Commerzbank Tower in Frankfurt. (is associated with: \u00abItaly’s UniCredit secures more than a third of Germany’s Commerzbank\u00bb) Michael Brandt\/dpa <\/p>\n

Italy’s UniCredit multinational banking group announced on Tuesday it has taken its share in Germany’s Commerzbank to well over the 30% mark in its takeover bid.<\/p>\n

The Milan-based bank said it had secured 7.58% of the capital from Commerzbank shareholders. Combined with the 26.77% stake it already held, UniCredit’s shareholding would rise to 34.35%.<\/p>\n

By means of its voluntary takeover offer made last month, UniCredit is avoiding having to make a considerably more expensive compulsory offer for all Commerzbank shares. The Milan-based bank is offering 0.485 of its shares for each Commerzbank share.<\/p>\n

At current prices, this is less than what a Commerzbank share is worth on the exchanges. UniCredit also holds financial instruments allowing it to access further Commerzbank shares.<\/p>\n

In September 2024, UniCredit took a substantial stake in Commerzbank, after the German state disposed of shares purchased during the 2008 financial crisis to support the bank. UniCredit soon became the largest shareholder in Germany’s second-largest bank.<\/p>\n

On May 5, UniCredit chief executive Andrea Orcel increased pressure for a takeover with a voluntary purchase offer for all Commerzbank shares.<\/p>\n

Commerzbank’s executive, works council and staff have all opposed Orcel’s offer, which they see as “hostile.” UniCredit’s pursuit of the German lender has also received a cool response from Berlin.<\/p>\n","protected":false},"excerpt":{"rendered":"The bank’s logo hangs on the Commerzbank Tower in Frankfurt. (is associated with: \u00abItaly’s UniCredit secures more than…\n","protected":false},"author":2,"featured_media":29380,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[28588,5,6521],"class_list":["post-29379","post","type-post","status-publish","format-standard","has-post-thumbnail","category-germany","tag-commerzbank-tower","tag-germany","tag-unicredit"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/29379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=29379"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/29379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/29380"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=29379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=29379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=29379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}