Commerzbank Pushes Back as UniCredit Unveils Unsolicited Takeover Plan

Commerzbank ( (DE:CBK) ) has provided an update.

Commerzbank, a major German full-service bank focused on corporate clients, the Mittelstand and private and small-business customers, offers a broad range of retail and corporate banking services across more than 40 countries. With over €400bn in assets under management and strong digital brands such as comdirect and mBank, it plays a key role in financing German foreign trade and serving retail clients via an omni-channel setup.

The bank said it has taken note of UniCredit’s intention to launch an unsolicited public takeover offer for all Commerzbank shares and stressed that the proposal was not coordinated with its management. CEO Bettina Orlopp underscored Commerzbank’s commitment to independence and profitable growth, criticized the expected exchange ratio for lacking a premium for shareholders, and said the management and supervisory boards will carefully assess any formal offer in the interests of shareholders, employees and clients.

More about Commerzbank

Commerzbank is a full-service German bank with two core segments: Corporate Clients and Private and Small-Business Customers. It is a leading lender to the German Mittelstand, serving around 24,000 corporate client groups and handling roughly 30% of Germany’s foreign trade, with operations in more than 40 countries supporting corporates and institutional clients.

The bank manages over €400bn in assets for private and small-business customers in Germany and operates an omni-channel model under the Commerzbank brand, combining online, mobile, remote advisory and about 400 branches. Through comdirect it offers fully digital primary banking and brokerage services, while its Polish subsidiary mBank serves about 5.9 million private and corporate customers across Poland, the Czech Republic and Slovakia.

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