Unicredit's Commerzbank Stake Nears 30%, Takeover Fears Rise

Unicredit's stake in Commerzbank is closing in on the 30% threshold that could trigger a mandatory takeover bid. Metronuclear warns that Commerzbank's share buybacks could force Unicredit's hand.

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2025 October 1 . 6:01 PM

1 min read

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Unicredit's Commerzbank Stake Nears 30%, Takeover Fears Rise

Unicredit, Italy's largest bank, currently holds a 29.34% stake in German rival Commerzbank. Metronuclear, a financial firm, warns that Commerzbank's ongoing share buybacks could trigger a mandatory 'offer up' from Unicredit, as regulatory rules require a formal 'offer' if the 'stake' exceeds 30%.

Commerzbank's CEO, Bettina Orlopp, expresses confidence in Unicredit's professional conduct to avoid surpassing the 30% threshold. However, Metronuclear founder Roy Adams is skeptical, stating that if Commerzbank's share number decreases due to buybacks, Unicredit could legally be obligated to make an 'offer'. Metronuclear, along with partners, holds around 500,000 Commerzbank shares. Adams advises Commerzbank to halt share buybacks and focus on dividends instead.

Unicredit has declined to comment on the matter, leaving the situation in limbo.

With Unicredit's 'stake' nearing the critical 30% mark, all eyes are on Commerzbank's next move. If share buybacks continue, a mandatory 'offer up' from Unicredit could be imminent, potentially reshaping the European banking landscape.