Raporty Spółek ESPI/EBI

Press Release UNICREDIT S.P.A. (IT0005239360)

16-03-2026 08:21:01 | Bieżący | ESPI | 27/2026
oRB-W: Press Release

 PAP
Data: 2026-03-16
Firma: UniCredit S.p.A.
oSpis tresci:
1. RAPORT BIEŻĄCY
2. MESSAGE (ENGLISH VERSION)
3. INFORMACJE O PODMIOCIE
4. PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

oSpis zalacznikow:
Znaleziono 1 załącznik
  • PR-UniCredit exchange offer Commerzbank _16032026.pdf
    		•  Arkusz: RAPORT BIEŻĄCY

    Nazwa arkusza: RAPORT BIEŻĄCY


    KOMISJA NADZORU FINANSOWEGO
    Raport bieżący nr 27 / 2026
    Data sporządzenia: 2026-03-16
    Skrócona nazwa emitenta
    UniCredit
    Temat
    Press Release
    Podstawa prawna
    Inne uregulowania
    Treść raportu:
    UniCredit signals openness for dialogue and willingness to build bridges with Commerzbank and key stakeholders

    Action taken via launch of voluntary exchange offer to exceed 30% in Commerzbank.

    No expectation to achieve control.

    Offer has no downside vis-a-vis aim to trigger constructive engagement and the existing stake continues to be significantly value-accretive.

    UniCredit today announced the launch of a voluntary exchange offer on Commerzbank in accordance with Section 10 of the German Takeover Act.
    The offer is designed to overcome the 30% cliff-edge that exists under German takeover law and foster constructive engagement with Commerzbank and its stakeholders in the coming weeks.
    It is expected that UniCredit will achieve a stake in Commerzbank in excess of 30% without reaching control. This would both remove the need for UniCredit to continuously adjust its stake to remain under the 30% threshold due to the ongoing Commerzbank share buyback programme and an ability to increase its stake freely in the open market or otherwise thereafter.
    UniCredit currently holds a direct stake of around 26% in Commerzbank and an additional stake of circa 4% is held via total return swaps.
    The offer exchange ratio will be determined by BaFin in the coming days based on the 3m VWAPs of both Commerzbank and UniCredit. We expect this to be 0.485 shares of UniCredit per share of Commerzbank implying a 30.8 price per Commerzbank share, or a 4% premium as of closing on March 13, 2026.
    The Offer is expected to be formally launched at the beginning of May with an offer period of 4 weeks. An Extraordinary General Meeting will be called for May to seek authorization for the related capital increase. Subject to the fulfilment or waiver by UniCredit of the conditions to the Offer, settlement is expected to be completed by the first half of 2027 after having obtained all necessary regulatory clearances, as will be further detailed in the offer document.
    UniCredit is still seeking shareholder approval for the 2025 share buy back in the amount of 4.75bn at the AGM on March 31 while ECB approval is pending. The SBB will commence after the offer period closes and depend on the final offer take up. There is no impact on our dividend policy.
    If as expected UniCredit remains with no control in Commerzbank the financial impact on capital will be negligible.
    The Board of UniCredit regards this offer as a sensible, pragmatic measure with no downside given that the existing stake continues to be significantly value accretive irrespective of the offer leading to an increased stake of over 30% or not.
    All relevant further information on the Offer will be made available in accordance with applicable law on UniCredit's website https://www.unicreditgroup.eu/en/investors/unicredit unlimited-next-phase.html.
    The Chief Executive Officer Andrea Orcel will present the strategic rationale in a conference call at 8:30 am CET on March 16, 2026.
    Dial in at:
    Italy: +39 02 8020911
    UK: +44 1 212818004
    USA: +1 718 7058796
    Web Phone: HD link
    Milan, 16 March 2026
    Załączniki
    Plik Opis
    PR-UniCredit exchange offer Commerzbank _16032026.pdf Press release

    Nazwa arkusza: MESSAGE (ENGLISH VERSION)


    MESSAGE _ENGLISH VERSION_

    Nazwa arkusza: INFORMACJE O PODMIOCIE


    UniCredit S.p.A.
    _pełna nazwa emitenta_
    UniCredit Banki _ban_
    _skrócona nazwa emitenta_ _sektor wg. klasyfikacji GPW w W-wie_
    00187 Rzym
    _kod pocztowy_ _miejscowość_
    Specchi 16
    _ulica_ _numer_
    _telefon_ _fax_
    _e-mail_ _www_
    00348170101 N/A
    _NIP_ _REGON_

    Nazwa arkusza: PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ


    PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
    Data Imię i Nazwisko Stanowisko/Funkcja Podpis
    2026-03-16 Daniela Arienti Group Media Relations


    Identyfikator raportu ds6x0hpt41
    Nazwa raportu RB-W
    Symbol raportu RB-W
    Nazwa emitenta UniCredit S.p.A.
    Symbol Emitenta UniCredit
    Tytul Press Release
    Sektor Banki (ban)
    Kod 00187
    Miasto Rzym
    Ulica Specchi
    Nr 16
    Tel.
    Fax
    e-mail
    NIP 00348170101
    REGON N/A
    Data sporzadzenia 2026-03-16
    Rok biezacy 2026
    Numer 27
    adres www
    Serwis Ekonomiczny Polskiej Agencji Prasowej SA 2026 Copyright PAP SA - Wszelkie prawa zastrzezone.