Corporate News
UniCredit S.p.A. today announced its intention to launch a public takeover offer to the shareholders of Commerzbank AG to acquire all Commerzbank shares. Commerzbank takes note of this announcement. The announced takeover offer has not been aligned with Commerzbank. Additionally, the communication from UniCredit does not include any further information regarding key terms of a value-creating transaction. This would be a necessary basis for potential discussions.
Bettina Orlopp, CEO of Commerzbank, said: “Our top priority is to create sustainable value for our shareholders and all stakeholders of Commerzbank. We are convinced of the strength and potential of our strategy, which focuses on independence and profitable growth. This move is not coordinated with us. The exchange ratio expected in the announcement does in fact not include a premium for our shareholders.”
The Board of Managing Directors and the Supervisory Board of Commerzbank will carefully examine the announced voluntary takeover offer once it is published, acting in the best interests of the Bank, its shareholders, employees and clients.
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