Unicredit makes takeover bid for Commerzbank

Unicredit is launching an offer for more than 30% of Commerzbank, explicitly saying it does not expect to achieve control. The sizeable passive stake could materially affect Commerzbank's shareholder base and share price, while raising regulatory and governance scrutiny across the German banking sector.

Analysis

Unicredit is launching an offer for more than 30% of Commerzbank, explicitly saying it does not expect to achieve control. The sizeable passive stake could materially affect Commerzbank's shareholder base and share price, while raising regulatory and governance scrutiny across the German banking sector.