XTRA:CBKBanks
Commerzbank Rejects UniCredit As Geopolitics And Valuation Attract Investor Focus
Commerzbank (XTRA:CBK) has formally rejected UniCredit's unsolicited takeover bid.
The German government is resisting the attempt, turning the offer into a geopolitical standoff over control of a major lender.
UniCredit has signalled interest in building a large stake in Commerzbank to push for a merger despite the rejection.
Commerzbank, trading at around €35.94, sits at the center of Germany's industrial and financial system, so this dispute goes far beyond a routine corporate...