UniCredit has dismissed concerns expressed by Commerzbank regarding the progress of its exchange offer as 'purely speculative' and already known.
Sources close to the bank emphasized that 'shares tendered in the offer are shares tendered, and the facts remain as stated yesterday'.
Earlier today, the German lender raised fresh doubts about the bid, pointing to 'persistently unusual behavior' in the tendering process and criticizing the level of transparency in the information provided by UniCredit, which it claims fails to demonstrate independent shareholder support.
UniCredit announced yesterday that acceptances for the offer had reached 10.9%.
UniCredit S.p.A. is one of the leading European banking groups. Income breaks down by activity as follows:
- retail banking (48.6%);
- corporate, investment, finance and market banking (47.2%): leasing, factoring, stock transactions, participation in the rate, exchange, stock and derivative markets, stock exchange intermediation, etc.;
- other (4.2%).
At the end of 2025, the group managed EUR 535.4 billion in deposits and EUR 433.5 billion in loans.
Products and services are marketed through a network of 3,075 branches located primarily in Italy (1,941).
Revenue (including intragroup) is distributed geographically as follows: Italy (44.1%), Germany (21.9%), Central and Eastern Europe (19%), Austria (10.5%) and Russia (4.5%).
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