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UniCredit Renews Commerzbank Acquisition Interest as per Reports
July 3, 2025
UniCredit renewed its interest in pursuing the acquisition of Commerzbank as per reports, noting that its CEO and the German Finance Minister had exchanged letters. German officials are said to have told UniCredit to direct any proposal to Commerzbank’s management, reiterating its support for the bank’s independence and that it should not become an unfriendly takeover target. The update comes less than a month after UniCredit CEO Andrea Orcel dismissed the possibility of a full takeover of Commerzbank, citing that the surge in the latter’s share price made the deal unattractive for shareholders. UniCredit had earlier acquired a 28% stake in Commerzbank, when its share price was around €14-16. The current price is €27.5/share. UniCredit expects to get requisite approvals to increase its current 28% stake held via derivatives as owning 30% or more of Commerzbank would necessitate a formal takeover offer.
Both UniCredit and Commerzbank’s dollar bonds traded stable.
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