1124 GMT - UniCredit's move to increase its Commerzbank stake above 30% seems designed to strengthen its hand in future talks, Equita Sim's Andrea Lisi says in a research note. "The transaction is reasonably aimed at strengthening [UniCredit's] negotiating power with a view to future industry-wide discussions, although the German government's position on this offer remains a factor to be assessed," the analyst says. Italy's UniCredit said it would launch a takeover offer for Germany's Commerzbank aimed at surpassing the 30% threshold and at starting a dialogue with the target and its key shareholders, but it doesn't expect to gain control. Commerzbank shares rise 6.7% to 31.56 euros, while UniCredit shares fall 0.7% to 63.05 euros. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
March 16, 2026 07:25 ET (11:25 GMT)
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