Commerzbank Aktie News

UniCredit Chief Executive Andrea Orcel said on Tuesday ​it was more likely than ‌initially anticipated that the European Central Bank would declare the Italian ​bank in control of ​Commerzbank , given the outcome of its ⁠takeover offer.

The Italian lender plans to reopen its offer to Commerzbank shareholders for another two weeks.

UniCredit said on Friday ​that investors had tendered Commerzbank ‌shares representing 12.51% of the German bank's capital under ​its takeover bid, a ​slight increase in its overall ⁠holding in an ongoing ​battle for ownership.

UniCredit's €40 billion buyout offer for Commerzbank concludes on Tuesday.

The government cited what it called an aggressive approach from UniCredit, rebuffing the Italian lender's multibillion-dollar bid for Commerzbank.

Shares in Germany's Commerzbank slipped ​below the price implied ‌by UniCredit's hostile buyout offer on Tuesday, after ​trading consistently above ​that level since the ⁠Italian bank launched ​its bid on May ​5.

Germany has ‌officially rejected UniCredit's offer to buy ​Commerzbank shares, ​the country's finance agency ⁠said on ​Tuesday, citing a low ​price and support for an independent Commerzbank.

The Italian lender denied suggestions that the actual number of tendered shares was lower than stated due to borrowing mechanisms.