Italy's UniCredit said today it had raised its stake in Commerzbank to 28%, ratcheting up the pressure on the German lender while at the same time it pursues a bid for smaller domestic rival Banco BPM.

RTÉ

Ireland

UniCredit cranks up its Commerzbank stake

The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Emanuele Cremaschi | Getty Images News | Getty Images Italy’s UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take the leap with a buyout […]

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Roberts family

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UniCredit raises stake in Commerzbank to 28% through derivatives amid takeover pursuit - Business Fast

Government of Ireland

The major Italian bank Unicredit is increasing its share in Commerzbank to around 28 percent. A takeover offer for Germany's second-largest private bank is becoming more likely.

Die italienische Großbank Unicredit erhöht ihren Anteil an der Commerzbank auf rund 28 Prozent. Ein Übernahmeangebot für Deutschlands zweitgrößte Privatbank wird wahrscheinlicher.

Unicredit erhöht Anteil an Commerzbank auf 28 Prozent

Sueddeutsche Zeitung

Südwestdeutsche Medien Holding

Munich

Upper Bavaria

Bavaria

Germany

Unicredit increases stake in Commerzbank to 28 percent

The German government strengthened its criticism of UniCredit SpA’s pursuit of Commerzbank AG and called on the Italian bank to reduce its stake hours after it announced the further use of derivatives to increase its control.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Germany Says It Expects UniCredit to Sell Commerzbank Stake

Parallel to the takeover of a domestic competitor, the Italians are increasing their share in Commerzbank. However, the German state remains the second largest shareholder.

Parallel zur Übernahme eines heimischen Konkurrenten erhöhen die Italiener ihren Anteil an der Commerzbank. Zweitgrößter Aktionär bleibt aber der deutsche Staat.

Bankensektor: Unicredit erhöht Anteil an der Commerzbank auf 28 Prozent

Zeit Online

Holtzbrinck Publishing Group

Banking sector: Unicredit increases stake in Commerzbank to 28 percent

UniCredit SpA has increased its holding in Commerzbank AG to about 28%, ratcheting up Chief Executive Officer Andrea Orcel’s pursuit of the German lender.

Live Mint

HT Media

New Delhi

Delhi

India

UniCredit says it has increased Commerzbank stake to about 28%

The move, according to a note from Piazza Gae Aulenti, is “in line with the previously stated objective of reaching a share of up to 29.9%.”

La mossa, si legge in una nota di Piazza Gae Aulenti, è “in linea con l'obiettivo precedentemente dichiarato di raggiungere una quota fino al 29,9%”

Unicredit-Commerzbank, la scalata continua: Orcel sale al 28% dell’istituto tedesco

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Metropolitan City of Turin

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Italy

Unicredit-Commerzbank, the climb continues: Orcel rises to 28% of the German institution

UniCredit subscribes to additional instruments related to Commerzbank shares and increases its overall position to approximately 28%. It can be read in a note

UniCredit sottoscrive ulteriori strumenti relativi alle azioni Commerzbank e aumenta la posizione complessiva a circa il 28%. Lo si legge in una nota

Unicredit sale ancora in Commerzbank, quota è al 28%

Quotidiano Nazionale

Unicredit still rises in Commerzbank, share is 28%

The major Italian institute is still openly seeking to take over Germany's second-largest private bank. The German government is unlikely to offer any resistance. Criticism is only (still) coming from the Verdi union.

Das italienische Großinstitut strebt weiter offen eine Übernahme von Deutschlands zweitgrößter Privatbank an. Die Bundesregierung wird wohl keinen Widerstand leisten. Kritik kommt nur (noch) von der Gewerkschaft Verdi.

Deutsche Welle

Cabinet of Germany

Bonn

North Rhine-Westphalia

For the bank led by Andrea Orcel, which had a 21% stake, the investment in Commerzbank has no impact on Unicredit's public exchange offer on Banco Bpm

Per la banca guidata da Andrea Orcel, che aveva una quota pari al 21%, l’investimento in Commerzbank non ha alcun impatto sull’Offerta pubblica di scambio di Unicredit su Banco Bpm

Unicredit sale al 28% in Commerzbank: «Nella banca tedesca c’è un valore che va consolidato»

Corriere Della Sera

Cairo Communication

Mediobanca

Diego Della Valle

Unicredit rises to 28% in Commerzbank: “In the German bank there is a value that must be consolidated”

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UniCredit cranks up its Commerzbank stake

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