Commerzbank (CBK GY) says UniCredit (UCG IM) offer has a relatively low attractiveness, remains open to constructive dialogue; affirms FY26 outlook and targets through 2020

Says low independent shareholder acceptance is evidence of the offer’s low attractiveness Commerzbank says 17.60% of shares were tendered in UniCredit’s takeover offer by the end of the additional acceptance period  Says institutional and retail investors tendered less than 2%, with tendered shares mainly from banks and parties connected to UniCredit