Nomura Fined Over Commerzbank Disclosures During UniCredit Bid
By Michael Hennessey
Germany's markets regulator fined Nomura Holdings 320,000 euros, equivalent to $358,800, saying the Japanese company failed to disclose voting rights in Commerzbank on time during UniCredit's takeover bid for the German bank.
The Federal Financial Supervisory Authority, or BaFin, said Tuesday that the fine relates to incidents from May and June of this year.
Shareholders must notify the issuer and BaFin within four trading days if their voting rights cross certain thresholds.
"Whilst we do not comment on the details of our interactions with regulators, the firm takes adherence to regulations seriously," a Nomura spokesman said.
Nomura was among the shareholders that tendered shares in Commerzbank to UniCredit under the hostile takeover bid.
UniCredit is nearing control of Commerzbank after securing takeover approval from the European Central Bank last week. A hostile offer in July took the Italian bank's stake in Commerzbank to 47.6%.
Write to Michael Hennessey at michael.hennessey@wsj.com
(END) Dow Jones Newswires
October 20, 2026 05:34 ET (09:34 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
What’s Ahead for Stocks This Quarter—and Where to Invest
Are TIPS ETFs the Best Way to Fight Inflation?
4 Stocks to Buy for the Long-Term While They’re Still Undervalued
10 Best Blue-Chip Stocks to Buy for the Long Term
United States