Overview
- UniCredit laid out its Unlocked plan to refocus Commerzbank on Germany and Poland with new tech and AI investment, claiming €1.1 billion in added value by 2030 and about €600 million more net profit in 2028.
- If it gains control, UniCredit says it would keep Commerzbank separate for roughly 18 months before a possible tie-up with its German unit HypoVereinsbank.
- German rules require a full takeover offer once a shareholder tops 30%, and UniCredit’s bid is reported at about €30.80 per share for a deal valued near €35 billion.
- Commerzbank’s board has rejected a deal by saying there is no basis for a value‑accretive agreement, and the German government, which owns about 12%, has given a frosty response.
- Trading showed a valuation gap as Commerzbank’s stock sat above the offer price while UniCredit’s shares fell, underscoring investor doubts about terms and execution.