UniCredit Group is pleased to announce that, through the acquisition of 4.49% from the Federal Republic of Germany, it has increased its ownership stake to around 9% in Commerzbank AG’s share capital.
The acquisition of the stake in Commerzbank AG aligns with UniCredit’s strategy and falls within the parameters under which it will continue investing further.
To maintain flexibility, UniCredit will seek regulatory approval to potentially exceed 9.9% of Commerzbank if and when necessary.
UniCredit supports the ongoing efforts of the Management and Supervisory Boards of Commerzbank AG and the progress they have made in improving the bank’s performance.
UniCredit’s management remains focused on the continuous execution of the UniCredit Unlocked strategy, aiming to deliver sustainable profitable growth and returns for all shareholders.
The transaction will impact UniCredit’s CET1 ratio by approximately 15 basis points and will not affect its existing distribution policy.