Home / Business and Economy / UniCredit Launches $40 Billion Bid for Commerzbank
UniCredit Launches $40 Billion Bid for Commerzbank
4 May
Summary
- UniCredit plans to offer 0.485 of its shares for each Commerzbank share.
- This offer implies a price of approximately €31.8 per Commerzbank share.
- UniCredit shareholders approved new shares for the takeover bid.

UniCredit SpA has initiated a substantial takeover bid, targeting German rival Commerzbank. The Italian banking giant proposes to exchange 0.485 of its own shares for every share of Commerzbank. This exchange ratio values Commerzbank at approximately €31.8 per share, based on recent closing prices.
The proposed acquisition represents a significant financial undertaking for UniCredit, with the overall value of the deal reaching €34 billion, equivalent to $40 billion. Crucially, shareholders of UniCredit have already given their approval for the necessary issuance of new shares. This green light is essential for financing the ambitious takeover plan.