fintech / news / / Reuters
UniCredit, which owns almost 30% of Commerzbank, last month unveiled a near 35 billion euro ($41 billion) all-share bid for the.
UniCredit has made a €35 billion all-share bid for Commerzbank.
KEY POINTS
- The bid is structured to keep UniCredit's stake just above the 30% takeover threshold.
- UniCredit disclosed that Commerzbank refused to collaborate on shareholder value initiatives.
- UniCredit warned that full integration could harm relationships with Commerzbank's clients and partners.
COMPANIES
Summarized by Newsio from Reuters. How we summarize →