UniCredit is weighing three options to potentially sweeten its all-share takeover offer for Commerzbank , Italian daily Il Messaggero reported on Sunday without citing sources.
Commerzbank AG (CRZBY) M&A Call Transcript
UniCredit Chief Executive Andrea Orcel said on Wednesday there was a "remote" possibility the Italian bank would improve the terms of its bid for Commerzbank based on the outcome of their discussions.
Commerzbank AG (CRZBY) Presents at European Financials Conference 2026 Transcript
UniCredit made a €35 billion ($40 billion) bid for Commerzbank that will allow it to increase its shareholding beyond 30%, easing the path for a potential future acquisition. Bloomberg's Tommaso Ebhardt reports.
Italy's UniCredit launched an offer to raise its Commerzbank stake above 30% on Monday, in a bid to end an 18-month stalemate and get its German rival to enter merger talks.
UniCredit has unveiled plans to increase its stake in Commerzbank above 30%. CEO Andrea Orcel said he does not expect the holding to increase significantly above this level, a key regulatory threshold under German takeover law.
Italy's UniCredit said it plans to launch an offer to increase its stake in Commerzbank above the key 30% threshold, while stressing that it does not intend to pursue full control of the German lender. The move marks the latest development in UniCredit's gradual expansion into one of Germany's largest banks and could reshape the shareholder structure of Commerzbank if approved.
Unicredit is launching an offer for more than 30% of Commerzbank, in a fresh bid where the Italian lender says it has no expectation to achieve control of its German rival.
Italy's UniCredit said it is launching an offer to increase its stake in Commerzbank, but that it doesn't expect to achieve control of the German lender.
Italian bank UniCredit said on Monday it was launching an offer to own more than 30% of Commerzbank , crossing the mandatory takeover threshold existing under German law.
UniCredit on Monday stepped up its pursuit of Commerzbank , saying it would make a voluntary public takeover bid for the German lender in the form of an exchange offer.