Original Source
UniCredit pushes Commerzbank takeover bid despite German opposition
UniCredit's Pursuit of Commerzbank Intensifies
Italian banking giant UniCredit has escalated its long-standing pursuit of German lender Commerzbank, initiating a 35 billion euro (£30 billion) takeover battle. UniCredit first acquired a 9% stake in Commerzbank in September 2024, gradually increasing its holding to just under 30%. The Milan-based bank announced its intention to further boost its stake to compel Commerzbank into formal merger negotiations.
Strong Opposition from German Government
UniCredit's aggressive move faces significant resistance from the German government, which has voiced strong opposition to the takeover. Despite Berlin's stance, UniCredit remains committed to increasing its stake and pushing for merger talks. This development signals an intensifying European banking takeover contest between the two financial powerhouses.
*Source: The Guardian World (2026-03-16)*
