Commerzbank raises concerns over UniCredit stake data
Commerzbank has contacted German regulator BaFin regarding UniCredit's reported 7.58 percent tender offer take-up, claiming the figures are linked to derivative counterparties rather than independent investors. The German lender suggests the Italian bank's communications may be misleading as the offer price remains below market value.
COMMERZBANK AG is challenging UNICREDIT SPA over claims that its recent tender offer for the German lender was misleading. The dispute centers on a reported 7.58% stake UniCredit claims to have secured, which Commerzbank alleges is tied to derivative counterparties rather than independent investors. This escalation signals deepening friction as the second-largest German bank fights to remain independent from its rival.
