fintech / news / / The Banker
Commerzbank has rejected UniCredit’s latest takeover bid, saying it offers insufficient upside for shareholders.
Commerzbank rejected UniCredit's €35bn takeover bid, citing insufficient premium for shareholders.
KEY POINTS
- UniCredit currently holds a 26% direct stake and 4% via swaps in Commerzbank.
- UniCredit needs regulatory approvals to exceed 30% ownership, expected by the first half of 2027.
- Commerzbank plans to announce increased financial targets and a strategy update next month.
- Analysts expect UniCredit may add a cash component to its offer after crossing the 30% threshold.
COMPANIES
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