UniCredit to Proceed With Commerzbank Offer, Targeting the 30% Threshold

On 16 March 2026, UniCredit said it plans to submit a formal takeover offer for all outstanding Commerzbank shares, aiming to lift its stake above 30% under German takeover rules. The proposed exchange ratio of 0.485 new UniCredit shares per Commerzbank share implies a value of about €30.80 per share, as Commerzbank traded near €30.72–€30.75 (+3.8% to +3.9%) while UniCredit traded around €62.62 (-1.39%). UniCredit said it plans to publish the formal takeover document in early May, with shareholders expected to have about four weeks to decide once the offer launches.