UniCredit Seeks BaFin Probe Over Commerzbank Comments on Takeover Offer
Updated
Updated · Bloomberg · Jun 15
UniCredit Seeks BaFin Probe Over Commerzbank Comments on Takeover Offer
3 articles · Updated · Bloomberg · Jun 15
Summary
UniCredit asked Germany’s BaFin to investigate Commerzbank statements that it says have undermined its takeover offer, escalating tensions between the two banks.
The Milan-based lender said Commerzbank’s remarks created a “misleading narrative” around the offer process and rejected allegations tied to its disclosures and shareholding position.
UniCredit said it has complied fully with German takeover and securities laws, framing the regulatory referral as a response to claims it considers unfounded.
The move follows a similar step by Commerzbank, pushing the takeover dispute further into the hands of Germany’s securities regulator.