M&AFinancial ServicesBREAKING
UniCredit set to seal Commerzbank takeover this month
Acquirer
UniCredit
Target
Commerzbank
Italian lender UniCredit is preparing to finalize its takeover of German target Commerzbank during the current month. Following the transaction, the bank plans to launch a restructuring of the target in the first quarter of 2027.
✦ Meridian Analysis
UniCredit is preparing to complete its takeover of Commerzbank this month, according to the Financial Times, after which it plans to start restructuring the German lender in the first quarter of 2027. The source describes a takeover that is about to be finalised; it does not refer to a signed merger agreement, and the final terms have not been disclosed.
Meridian reported in September that German authorities had set conditions for the UniCredit–Commerzbank transaction, and in August that the German state was considering selling its Commerzbank stake to UniCredit.
Still to be disclosed: the final price and how much of Commerzbank UniCredit will own at completion, any remaining approvals, the advisers and the scope of the 2027 restructuring.
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