Unicredit Seeks Clarity on Commerzbank Takeover by Year-End

The Italian bank's CEO emphasizes the need for German government support as political uncertainty delays progress.

Unicredit CEO Andrea Orcel aims to resolve the potential takeover of Commerzbank by the end of 2025, contingent on German government backing.
The collapse of Germany's coalition government and upcoming elections on February 23 have introduced delays and uncertainty into the process.
Unicredit currently holds a 28% stake in Commerzbank, acquired through direct shares and financial instruments, but has yet to present a formal takeover proposal.
Commerzbank's leadership, along with its unions and employees, opposes the move, labeling Unicredit's actions as 'hostile' while remaining open to evaluating any formal offer.
The outcome of Germany's elections and the formation of a new government are expected to heavily influence the future of the proposed acquisition.