UniCredit Sets May Takeover Offer for Commerzbank Above 30% Ownership Threshold

On 16 March 2026, UniCredit confirmed plans to launch a formal takeover bid for all outstanding Commerzbank shares, targeting a stake above the 30% threshold required under German takeover law. The offer is expected in early May and is based on an exchange of 0.485 new UniCredit shares per Commerzbank share, implying a valuation near €30.80 and a modest premium to the March 13 close.