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Commerzbank asks investors to reject UniCredit bid - Finance news and analysis from Global Banking & Finance Review
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Commerzbank asks investors to reject UniCredit bid

Published by Global Banking & Finance Review

Posted on June 26, 2026

1 min read

· Last updated: June 26, 2026

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Commerzbank again asks investors to reject UniCredit bid

Commerzbank's Continued Resistance to UniCredit's Offer

Shareholder Letter Reiterates Rejection

FRANKFURT, June 26 (Reuters) - Commerzbank on Friday published a letter to shareholders again asking them to reject UniCredit's bid to buy shares, maintaining its months-long resistance to any deal as an offer period enters its final stretch.

CEO Bettina Orlopp's Position

The letter, which was signed by CEO Bettina Orlopp and will be mailed to shareholders in the coming days, said UniCredit's offer isn't high enough and that the Italian bank had not presented a "sound plan" that builds on the German bank's strengths.

Direct Appeal to Investors

"Do not accept UniCredit's offer; keep your investment with Commerzbank," said the letter.

(Reporting by Tom Sims, Editing by Friederike Heine)

Key Takeaways

  • Commerzbank reiterates that UniCredit’s offer lacks an adequate premium and carries strategic risks, urging shareholders to decline it (finance.yahoo.com).
  • The German government, holding around 12% of Commerzbank, has formally rejected the bid citing low valuation and said it backs Commerzbank’s independent strategy (investing.com).
  • UniCredit’s initial offer period ended June 16, but an additional acceptance window runs from June 20 to July 3 — the bank has already secured ~12.5% more, bringing its total potential stake near 42–44% (cincodias.elpais.com).

References

Frequently Asked Questions

What action has Commerzbank advised its shareholders to take regarding UniCredit's bid?
Commerzbank has again asked its shareholders to reject UniCredit's offer to buy shares.
How long has Commerzbank been resisting UniCredit's bid?
Commerzbank has maintained a months-long resistance to UniCredit’s bid.
What event marks the timing of Commerzbank's renewed appeal to shareholders?
Commerzbank's renewed appeal comes as the UniCredit offer period enters its final stretch.
Who reported the latest developments on Commerzbank and UniCredit?
The latest developments were reported by Tom Sims and edited by Friederike Heine.

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