This increase brings UniCredit’s total ownership in the German bank to around 9% of its share capital, as part of a broader strategy to expand its investments.
UniCredit has also indicated its intention to seek regulatory approval to potentially exceed a 9.9% ownership stake in Commerzbank, if deemed necessary in the future, ensuring it retains strategic flexibility.
The group expressed strong support for Commerzbank’s current Management and Supervisory Boards, applauding the progress made in improving the bank’s overall performance.
UniCredit remains committed to executing its UniCredit Unlocked strategy, with a focus on delivering sustainable and profitable growth, benefiting all shareholders.
The acquisition will have a modest impact on UniCredit’s Common Equity Tier 1 (CET1) ratio, reducing it by approximately 15 basis points, but it will not affect the group’s current shareholder distribution policy.
