Commerzbank Calls for Review of UniCredit's Alleged Misleading Data

Commerzbank has issued a statement recommending a critical assessment of UniCredit's recent report concerning its tender offer for Commerzbank shares. Commerzbank asserts that UniCredit's figures do not adequately reflect genuine ownership or shareholder support. The reported 7.58% in tendered shares, linked to UniCredit's derivative counterparties, allegedly lacks genuine independent investor involvement.

Commerzbank highlights the discrepancy between the implied offer price and its current share price, suggesting no economic incentive for shareholders to tender. The German Federal Financial Supervisory Authority (BaFin) has been asked to investigate the matter. Commerzbank advocates for transparency and urges caution until all facts are clarified and disclosed.