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German government officially rejects UniCredit's offer for Commerzbank Germany on Tuesday formally rejected UniCredit's offer for Commerzbank shares, citing a low price and concerns about what it called the Italian lender's aggressive approa...

Germany rejects UniCredit's Commerzbank offer, agency says Published byGlobal Banking & Finance Review Posted on June 16, 2026 · Last updated: June 16, 2026 By Tom Sims and Valentina Za FRANKFURT/MILAN, June 16 (Reuters) - Germany has officially rejected UniCredit's offer to buy Commerzbank, the country's finance agency said on Tuesday, citing a low price and concerns about what it called the Italian bank's aggressive approach. UniCredit's initial offer period for Commerzbank shares is winding down, with both banks digging in their heels in the months-long battle for control of one of Germany's most important lenders. The German government holds a 12% stake in Commerzbank acquired in the wake of the 2008 global financial crisis and has long objected to UniCredit's campaign for a tie-up. "Accepting the offer was already not an option from a financial point of view, as it does not include an appropriate premium on the current share price of Commerzbank’s shares," the agency said. It also said that it supported Commerzbank's independence, and noted that the bank played a critical role in financing medium-sized companies and was an integral player in Frankfurt, the nation's fi…

Germany formally rejects UniCredit's Commerzbank offer - RTE Updated / Tuesday, 16 Jun 2026 11:03 The German government holds a 12% stake in Commerzbank Germany has officially rejected UniCredit's offer for Commerzbank shares, the country's finance agency said today, citing a low price and concerns about what it called the Italian bank's aggressive approach. UniCredit's initial offer period for Commerzbank shares is winding down, with both banks digging in their heels in the months-long battle for control of one of Germany's most important lenders. The German government holds a 12% stake in Commerzbank acquired in the wake of the 2008 global financial crisis and has long objected to UniCredit's campaign for a tie-up. "Accepting the offer was already not an option from a financial point of view, as it does not include an appropriate premium on the current share price of Commerzbank's shares," the agency said. Despite Berlin's position, UniCredit could still win control of the German bank, but the government's stake gives it seats on Commerzbank's supervisory board, which appoints management and helps oversee its strategy. The agency, which manages the government's holdings, also sa…

[1/4] 2026-06-16 15:36:29 - [Germany rejects UniCredit Bank’s 39 billion euro acquisition offer for Commerzbank] Germany said it would not accept UniCredit Bank’s acquisition offer for Commerzbank and said it supported its independence in view of the latter’s important role in the

Germany rejects UniCredit's 39 billion euro Commerzbank offer Germany rejects UniCredit’s 39 billion euro Commerzbank offer The government backs the bank’s independence and opposes the Italian lender’s ‘aggressive approach’ Summarise Share Add BT as a preferred source Add BT as a preferred source Published Tue, Jun 16, 2026 · 04:45 PM Commerzbank "plays an important role in financing the German economy", Germany’s Finance Agency says. PHOTO: REUTERS [FRANKFURT] Germany rejected UniCredit’s takeover bid for Commerzbank and said it supports the lender’s independence, given its important role for the national economy. On Tuesday (Jun 16), Germany’s Finance Agency, which manages the country’s stake of over 12 per cent in Commerzbank, said that accepting the offer was “not an option from a financial point of view, as it does not include an appropriate premium”. The government backs the bank’s independence and opposes UniCredit’s “aggressive approach”, it added. Commerzbank “plays an important role in financing the German economy” and the jobs it provides are important to Frankfurt, where it is headquartered, the finance agency said. “Both must continue to be ensured in the future,” it …

[1/4] 2026-06-16 15:36:29 - [Germany rejects UniCredit Bank’s 39 billion euro acquisition offer for Commerzbank] Germany said it would not accept UniCredit Bank’s acquisition offer for Commerzbank and said it supported its independence in view of the latter’s important role in the