UniCredit Gets 47.6% of Commerzbank After Offer Extension

il Giornale

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Original news The Italian bank strengthens the grip on the German institute and prepares for the decisive match on authorizations, governance and future integration

HuffPost It

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With the Ops Unicredit it reaches 50% of Commerzbank and wins control of it in fact. Now begins the most difficult game: overcome the resistances of the institute and the German government. Orcel has two years to make Frankfurt the stronghold of the group in Germany and pass from man of the mergers to man of the mediation

Sueddeutsche Zeitung

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Unicredit now holds almost 50 percent of Commerzbank's shares. Although it is theoretically possible to exchange the Executive Board and Supervisory Board, there are still a few hurdles to be overcome.

France24

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UniCredit had previously indicated that it had acquired 12.51% of the German bank's shares in its hostile takeover bid, which closed on Tuesday, June 16, but shareholders who had not yet accepted the offer had two additional weeks. This is in addition to the 26.77% stake acquired when it launched its takeover bid for its German rival in early May. UniCredit also holds 3.22% through equity derivatives. The total stake thus stands at 47.59% of the…

Corriere Della Sera

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Oops closed with 17.60% memberships, Unicredit reaches 47,59% (49,65% of voting rights): --Result well beyond the initial expectations -- the Italian bank will continue to seek a constructive dialogue with all interested parties.