UniCredit receives European Central Bank approval to acquire control of Commerzbank

UniCredit announced that it has received the authorization from the European Central Bank (ECB) to cross the 30% equity participation threshold in Commerzbank, and to increase its stake further without upper limits. “The remaining regulatory processes and conditions to complete the offer for Commerzbank are expected around year end, at which time UniCredit will have approximately 50% of Commerzbank’s voting rights and be able to take control of the bank.” – the bank explained.

“The decision represents an important milestone in UniCredit’s acquisition of Commerzbank, underscoring the ECB’s positive assessment of the transaction and the confidence in UniCredit’s solid fundamentals and strong standing within the European banking sector.” – according to the press release.

By acquiring Commerzbank, valued at €35 billion ($39 billion), UniCredit aims to cement its status as a European heavyweight.

UniCredit first bought a stake in Commerzbank in September 2024 and has since secured access to nearly 50% of its voting rights, despite fierce resistance from the German lender and Berlin. The German state still owns around 12% of the bank.

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