UniCredit Gets 47.6% of Commerzbank After Offer Extension

France24

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UniCredit had previously indicated that it had acquired 12.51% of the German bank's shares in its hostile takeover bid, which closed on Tuesday, June 16, but shareholders who had not yet accepted the offer had two additional weeks. This is in addition to the 26.77% stake acquired when it launched its takeover bid for its German rival in early May. UniCredit also holds 3.22% through equity derivatives. The total stake thus stands at 47.59% of the…

Spiegel

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After a takeover offer, the Italians now control 44 percent of the shares. Options could further increase the shares. A majority seems increasingly realistic.

La Stampa

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The transaction represents a further part of UniCredit's strategy on the German market and consolidates the position of the Italian institute as the first shareholder of the bank of Frankfurt