Commerzbank Says Some Institutional Investors Have Accepted UniCredit's Offer
By Aimee Look
Commerzbank said a small portion of its institutional investors have accepted UniCredit's takeover offer, after previously saying that no institutional investors were identified tendering shares.
The German bank in a release said that institutional investors have tendered 1.29% of Commerzbank shares. In addition, it disclosed that banks have tendered 11.17% of shares and retail investors tendered 0.05%.
The total volume of tendered shares in Commerzbank is 12.51%, which is consistent with UniCredit's disclosure last week---coming after the close of its initial offer period.
On June 10, Commerzbank said it was not able to identify a single institutional investor that had tendered shares.
Chief Executive Bettina Orlopp also said earlier this month institutional investors don't like the offer because it is at a discount.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
June 25, 2026 04:24 ET (08:24 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States