Italy 2nd Largest Bank $126 Billion UniCredit Increased Stake to 37.7% (Existing 26.8% Stake) in Germany $47 Billion Commerzbank, Commerzbank Board Officially Rejects & Recommends Shareholders to Reject UniCredit Buyout Offer at $45 Billion (€39 Billion) in All-Share Deal
11th June 2026 | Hong Kong
Italy 2nd largest bank UniCredit ($126 billion market value) has increased stake to 37.7% (Existing 26.8% stake) in Germany Commerzbank ($47 billion market value). In 2026 May, UniCredit was continuing hostile offer to buy additional shares in Germany Commerzbank ($50 billion market value) at €30.80 per share, representing implied -8.7% discount to closing price (4/5/26). In 2026 April, Germany Commerzbank rejected Italy 2nd largest bank UniCredit continued hostile tactics. In 2026 March, Italy 2nd largest bank UniCredit announced to increase stake in Germany Commerzbank starting in 2026 May to above 30%, but will not expect to acquire significant stake or launch takeover. UniCredit has 28% stake in Commerzbank (26.04% shares + 1.96% total return swaps), with the transaction to be via share exchange of UniCredit & Commerzbank shares at +4% premium. Germany government is 2nd largest shareholder of Commerzbank with 12.72% stake. Commerzbank (20/4/26): “Commerzbank has taken note of UniCredit S.p.A.’s presentation of 20 April 2026. As set out in Commerzbank’s statement of 7 April 2026, Commerzbank has tried to engage constructively with UniCredit but no concrete combination plan for a mutually agreeable value-accretive transaction nor any reliable indications for a commensurate control premium from UniCredit have been put forward. UniCredit’s communication today has reconfirmed those fundamental shortcomings and laid bare a couple of core elements and facts about UniCredit’s pursuit of Commerzbank.”
“ Italy 2nd Largest Bank $126 Billion UniCredit Increased Stake to 37.7% (Existing 26.8% Stake) in Germany $47 Billion Commerzbank, Commerzbank Board Officially Rejects & Recommends Shareholders to Reject UniCredit Buyout Offer at $45 Billion (€39 Billion) in All-Share Deal “
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Italy 2nd Largest Bank $127 Billion UniCredit Continues Hostile Offer to Buy Additional Shares in Germany $50 Billion Commerzbank (€30.80 Per Share) Representing Implied -8.7% Discount to Closing Price (4/5/26)
7th May 2026 – Italy 2nd largest bank UniCredit ($127 billion market value) is continuing hostile offer to buy additional shares in Germany Commerzbank ($50 billion market value) at €30.80 per share, representing implied -8.7% discount to closing price (4/5/26). In 2026 April, Germany Commerzbank rejected Italy 2nd largest bank UniCredit continued hostile tactics. In 2026 March, Italy 2nd largest bank UniCredit announced to increase stake in Germany Commerzbank starting in 2026 May to above 30%, but will not expect to acquire significant stake or launch takeover. UniCredit has 28% stake in Commerzbank (26.04% shares + 1.96% total return swaps), with the transaction to be via share exchange of UniCredit & Commerzbank shares at +4% premium. Germany government is 2nd largest shareholder of Commerzbank with 12.72% stake. Commerzbank (20/4/26): “Commerzbank has taken note of UniCredit S.p.A.’s presentation of 20 April 2026. As set out in Commerzbank’s statement of 7 April 2026, Commerzbank has tried to engage constructively with UniCredit but no concrete combination plan for a mutually agreeable value-accretive transaction nor any reliable indications for a commensurate control premium from UniCredit have been put forward. UniCredit’s communication today has reconfirmed those fundamental shortcomings and laid bare a couple of core elements and facts about UniCredit’s pursuit of Commerzbank.”
Germany $48 Billion Commerzbank Rejects Italy 2nd Largest Bank $118 Billion UniCredit Continued Hostile Tactics, UniCredit Announced in 2026 March to Increase Stake in Commerzbank Starting in 2026 May to Above 30% But Will Not Expect to Acquire Significant Stake or Launch Takeover, Commerzbank Current Market Value at $48 Billion, Share Price -1.3% YTD, +56% Last 12 Months & +627.5% Last 5 Years
22nd April 2026 – Germany Commerzbank ($48 billion market value) has rejected Italy 2nd largest bank UniCredit ($118 billion market value) continued hostile tactics. In 2026 March, Italy 2nd largest bank UniCredit ($112 billion market value) announced to increase stake in Germany Commerzbank ($42 billion market value) starting in 2026 May to above 30%, but will not expect to acquire significant stake or launch takeover. UniCredit has 28% stake in Commerzbank (26.04% shares + 1.96% total return swaps), with the transaction to be via share exchange of UniCredit & Commerzbank shares at +4% premium. Germany government is 2nd largest shareholder of Commerzbank with 12.72% stake. Commerzbank (20/4/26): “Commerzbank has taken note of UniCredit S.p.A.’s presentation of 20 April 2026. As set out in Commerzbank’s statement of 7 April 2026, Commerzbank has tried to engage constructively with UniCredit but no concrete combination plan for a mutually agreeable value-accretive transaction nor any reliable indications for a commensurate control premium from UniCredit have been put forward. UniCredit’s communication today has reconfirmed those fundamental shortcomings and laid bare a couple of core elements and facts about UniCredit’s pursuit of Commerzbank.”
Italy 2nd Largest Bank $112 Billion UniCredit Announced to Increase Stake in Germany $42 Billion Commerzbank Starting in 2026 May to Above 30% But Will Not Expect to Acquire Significant Stake or Launch Takeover, UniCredit Has 28% Stake in Commerzbank (26.04% Shares + 1.96% Total Return Swaps), Transaction via Share Exchange of UniCredit & Commerzbank Shares at +4% Premium, Germany Government is 2nd Largest Shareholder of Commerzbank with 12.72% Stake
17th March 2026 – Italy 2nd largest bank UniCredit ($112 billion market value) has announced to increase stake in Germany Commerzbank ($42 billion market value) starting in 2026 May to above 30%, but will not expect to acquire significant stake or launch takeover. UniCredit has 28% stake in Commerzbank (26.04% shares + 1.96% total return swaps), with the transaction to be via share exchange of UniCredit & Commerzbank shares at +4% premium. Germany government is 2nd largest shareholder of Commerzbank with 12.72% stake.
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