UniCredit to strengthen stake in Commerzbank to 30% laying groundwork for potential takeover
Sebastian Ujică
UniCredit has launched an offer to build its stake in Commerzbank above 30%, a key regulatory threshold if the lender is to launch a full takeover bid The Milan-headquartered UniCredit already holds a 28% stake in Commerzbank, comprising about 26.04% in shares. The deal is expected to involve an offer exchange ratio of 0.485 shares of UniCredit per share of Commerzbank, implying a 30.80 euro price per Commerzbank share, or a 4% premium. The offer is expected to formally launch at the start of
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