- 2d ago
ECB clears UniCredit to exceed 30% of Commerzbank with no upper limit
The approval lets UniCredit raise its Commerzbank holding without a ceiling. About 50% of voting rights are expected once the remaining regulatory steps are completed toward the end of the year.
- Oct 9
Revolut plans to become global tech company beyond banking, Storonsky says in Turin
Revolut CEO Nik Storonsky said on Friday the company will build AI products on customer transaction data and aims for a scale comparable to the largest US technology companies. The fintech was valued at $115 billion in a secondary share sale this year.
- Sep 29
UniCredit plans Commerzbank board takeover by February to accelerate merger
Italian lender UniCredit is moving to replace all ten shareholder representatives on Commerzbank's supervisory board as early as January, accelerating its takeover timeline following regulatory clearance.
- Aug 18
German officials weigh sale of 12.7% Commerzbank stake to UniCredit
Senior German officials are open to selling the government's 5.6 billion euro holding in Commerzbank if UniCredit secures management backing and protects domestic lending.
- Jul 23
UniCredit beats profit forecasts, raises 2026 outlook, and signals Commerzbank control by year-end
UniCredit posted better-than-expected second-quarter earnings and raised its 2026 profit forecast, as CEO Andrea Orcel signalled the Italian bank is moving to take full control of Commerzbank by year-end.
- Jul 8
UniCredit stake in Commerzbank hits 47.6% after tender offer, nearing majority control
UniCredit's stake in Commerzbank has risen to 47.6% after shareholders tendered 17.6% of the German bank's capital in the Italian lender's takeover offer, moving CEO Andrea Orcel closer to majority control.
- Jun 19
UniCredit lifts Commerzbank stake to 42.5% after initial offer, opens additional acceptance period until July 3
The Italian bank secured 12.51% of Commerzbank shares in its public exchange offer, bringing total direct and potential holdings above the 30% threshold. A two-week supplementary acceptance window opens on June 20, with final numbers due July 8.
