News First | Europe

UniCredit makes low-ball Commerzbank offer in bid to secure talks

16 March 2026, 10:50 am

1 min read

Traffic lights glow near a logo of Commerzbank at a branch as Italy's UniCredit launches an unsolicited bid to increase its stake above 30% in Commerzbank, crossing the mandatory 30% takeover threshold under German law, in Cologne, Germany, March 16, 2026. REUTERS/Thilo Schmuelgen

Reuters was ahead of competition reporting that Italian bank UniCredit had launched an offer to own more than 30% of Commerzbank. Shares in Commerzbank rose more than 4% on the news in early trade.