Key facts
- Commerzbank asked the German regulator to review support levels for UniCredit's offer.
- UniCredit is attempting to acquire the remaining stake in Commerzbank it does not own.
- UniCredit's stake in Commerzbank has reached 34.4%.
- The move escalates a dispute between Commerzbank and its largest shareholder.
- UniCredit's offer deadline is less than two weeks away.
Commerzbank has formally requested that the German financial regulator examine the support levels associated with UniCredit's offer to purchase the remaining shares of Commerzbank that UniCredit does not currently own. This development marks an escalation in the ongoing disagreement between Commerzbank and its principal shareholder. UniCredit's stake in Commerzbank has reached 34.4%. The deadline for UniCredit's bid is approaching, with less than two weeks remaining for the offer to be finalized.