Current Market Development
The Commerzbank stock is currently showing a strong upward trend. It recently reached a new 52-week high and is leading the DAX, indicating a positive market development and corporate news. This could suggest that market expectations for Commerzbank are positive, which may influence its attractiveness to a potential buyer.
Political Statements
The Federal Government has clearly spoken out against a takeover of Commerzbank by UniCredit. Chancellor Friedrich Merz emphasized that the Federal Government is committed to a strong and independent Commerzbank and considers UniCredit’s approach as unfriendly and unacceptable. This political stance could significantly reduce the chances of a takeover.
UniCredit Strategy
UniCredit has so far secured access to about 28% of Commerzbank shares, having started with 9% in September 2024. However, UniCredit’s CEO, Andrea Orcel, has indicated that he wants to take his time with a decision, with a timeframe extending to 2027. This suggests that UniCredit is in no hurry and may be waiting for better conditions.
Conclusion
In summary, the takeover of Commerzbank by UniCredit currently appears unlikely, especially due to the political rejection by the Federal Government. However, the positive market development of Commerzbank’s stock could increase its attractiveness for future acquisition talks. UniCredit seems ready to wait and observe the situation further, which means that the takeover is not entirely off the table, but is not currently in focus.