Commerzbank institutional investors tender just over 1% of shares in UniCredit offer, German bank says

FRANKFURT: Germany’s ​ Commerzbank said on Thursday ‌that institutional investors have tendered just somewhat more than ​1% of shares ​in UniCredit’s takeover offer. Commerzbank said ⁠it published the ​figures to increase transparency ​and counter what it called “conflicting statements made by UniCredit”. The two ​banks have been in ​a battle for control for ‌months, ⁠and UniCredit has made an offer for the bank that is currently ​ongoing. “The shareholder ​structure ⁠remains largely unchanged, ” Commerzbank said. Of the ​12. 51% of tendered ​shares, ⁠institutional investors have tendered 1. 29% of shares, retail ⁠investors ​0. 05% and banks ​11. 17%, Commerzbank said.

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