Published by Global Banking & Finance Review®
Posted on July 17, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleCommerzbank employees met with EU officials to express concerns over UniCredit's acquisition, citing risks and lack of added value.
FRANKFURT (Reuters) -A delegation of employee representatives from Commerzbank met with members of the European Parliament to voice their concerns about a possible takeover by UniCredit, according to a social media post on Thursday and two people with knowledge of the matter.
Italy's UniCredit last week doubled its shareholding in the German lender as it pushes for a tie-up between the banks, despite resistance from Commerzbank management, employees and the German government.
"We made clear that a takeover would not be progress towards a European banking union," Commerzbank supervisory board member Nina Olderdissen said in a post on LinkedIn about the Brussels meetings.
"What may seem like a step towards European integration actually harbors considerable risks for employees, customers and investors on both sides - without any discernible added value," she wrote.
UniCredit first emerged as big investor in Commerzbank in September. Its CEO, Andrea Orcel, has said a deal "would create a new national banking champion for Germany", aiding "the revitalisation of the German economy".
(Reporting by Tom Sims, editing by Thomas Seythal)
Commerzbank employees voiced their concerns about a potential takeover by UniCredit, stating that it would not contribute to progress towards a European banking union.
Nina Olderdissen, a supervisory board member at Commerzbank, mentioned that the takeover could pose considerable risks for employees, customers, and investors, without providing any discernible added value.
UniCredit doubled its shareholding in Commerzbank the previous week, indicating its push for a potential tie-up between the two banks.
Andrea Orcel, the CEO of UniCredit, believes that a deal would create a new national banking champion for Germany and aid in the revitalization of the banking sector.
The meeting in Brussels involved a delegation of Commerzbank employee representatives discussing their concerns with members of the European Parliament regarding the proposed takeover by UniCredit.
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