UniCredit's Commerzbank Offer Could Be Gambit for Future Bid -- Market Talk

Dow Jones03-17 15:32

0731 GMT - UniCredit's offer for Commerzbank isn't aimed at gaining full control of the German bank, but paves the way for a potential future bid or for share purchases on the market, Mergermarket's Lucinda Guthrie says. Even though UniCredit's offer is for 100% of Commerzbank, the Italian bank only aims to surpass the 30% ownership mark, Guthrie says. "This move opens up the possibility of UniCredit buying further shares or derivatives in the market, as well as another offer further down the line," she says. "For [Andrea] Orcel, a master dealmaker, this is a key strategic move to unblock the chessboard." Commerzbank shares closed 8.6% higher on Monday, while UniCredit's rose 0.5%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

March 17, 2026 03:32 ET (07:32 GMT)

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Even though UniCredit's offer is for 100% of Commerzbank, the Italian bank only aims to surpass the 30% ownership mark, Guthrie says. \"This move opens up the possibility of UniCredit buying further shares or derivatives in the market, as well as another offer further down the line,\" she says. \"For [Andrea] Orcel, a master dealmaker, this is a key strategic move to unblock the chessboard.\" Commerzbank shares closed 8.6% higher on Monday, while UniCredit's rose 0.5%. 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Even though UniCredit's offer is for 100% of Commerzbank, the Italian bank only aims to surpass the 30% ownership mark, Guthrie says. \"This move opens up the possibility of UniCredit buying further shares or derivatives in the market, as well as another offer further down the line,\" she says. \"For [Andrea] Orcel, a master dealmaker, this is a key strategic move to unblock the chessboard.\" Commerzbank shares closed 8.6% higher on Monday, while UniCredit's rose 0.5%. 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