UniCredit S.p.A.

UCG

IT0005239360

Banks

Market Closed - Borsa Italiana Other stock markets 16:45:00 15/05/2026 BST			5-day change	1st Jan Change
71.26 ^EUR	-1.51%		+1.08%	+0.48%

05-15	European markets in the red; Leonardo among gainers, STM slides	AN
05-15	EuroGroup Laminations refinances debt with banking syndicate	AN

UniCredit and Berlin Clash Head-On Over Commerzbank

Published on 07/11/2025 at 05:14 am BST

Alliance News - Translated by Marketscreener - See original

UNICREDIT S.P.A.

-1.51%

COMMERZBANK AG

-0.41%

BANCO BPM S.P.A.

-1.76%

(Alliance News) – The standoff between UniCredit and the German government is escalating: Berlin, through Finance Minister Lars Klingbeil, has openly voiced its opposition to the Italian bank, demanding that it abandon its bid for Commerzbank and insisting on the latter's independence.

As detailed in an article published Friday by Il Sole 24 Ore, tensions have risen after UniCredit converted part of its synthetic position in Commerzbank into shares, reaching roughly 20% of the capital and voting rights—a move that Berlin has described as "uncoordinated and unfriendly."

The German government continues to emphasize Commerzbank's systemic importance and its intention not to relinquish its own stake, with Chancellor Merz also labeling UniCredit's approach as "hostile."

Despite the opposition, Andrea Orcel is standing firm, having sent letters to the German government and converted shares to boost UniCredit's influence.

Meanwhile, UniCredit is also engaged in a battle in Italy over its public exchange offer for Banco BPM, awaiting the Administrative Court's ruling on its appeal against the Golden Power by July 16, although the process appears stalled without further clarification from Rome.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Approximate price	Change	5d. change	Capi.
UNICREDIT S.P.A.	71.26EUR	-1.51%	+1.08%	124B
COMMERZBANK AG	36.48EUR	-0.41%	+2.85%	45.82B
BANCO BPM S.P.A.	13.10EUR	-1.76%	+1.75%	22.9B

Latest news about UniCredit S.p.A.

05-15	European markets in the red; Leonardo among gainers, STM slides	AN
05-15	EuroGroup Laminations refinances debt with banking syndicate	AN
05-15	Commerzbank CEO: AI to drive bulk of planned job cuts	DP
05-14	Caltagirone: 'MPS must not sell Generali'	AN
05-14	Italy - Factors to watch on May 14	RE
05-13	MIB in the green; STM leads gains as Moncler faces selling pressure	AN
05-13	Futures rise as focus shifts to Trump in China	AN
05-13	Fitch upgrades UniCredit rating; German subsidiary also raised	AN
05-13	ECB and Letta back UniCredit's bid for Commerzbank	AN
05-13	UniCredit Issues EUR1.25 Billion Subordinated Bond	MT
05-13	Fitch Hikes Long-term Ratings on Italian Lenders	MT
05-12	UniCredit places EUR1.3 billion Tier 2 subordinated bond	AN
05-12	Unicredit issues EUR 1.25 bln tier 2 subordinated 10NC5 bond	RE
05-12	Sell-off hits European equities; STM drags down MIB	AN
05-12	UniCredit: 66,724 shares tendered in Commerzbank exchange offer	AN

Chart UniCredit S.p.A.

Duration

Period

UCG: Dynamic Chart

Company Profile

UniCredit S.p.A. is one of the leading European banking groups. Income breaks down by activity as follows: - retail banking (48.6%); - corporate, investment, finance and market banking (47.2%): leasing, factoring, stock transactions, participation in the rate, exchange, stock and derivative markets, stock exchange intermediation, etc.; - other (4.2%). At the end of 2025, the group managed EUR 535.4 billion in deposits and EUR 433.5 billion in loans. Products and services are marketed through a network of 3,075 branches located primarily in Italy (1,941). Revenue (including intragroup) is distributed geographically as follows: Italy (44.1%), Germany (21.9%), Central and Eastern Europe (19%), Austria (10.5%) and Russia (4.5%).

Employees

67,458

Sector

Banks

Calendar

Earnings release - Q2 2026

More about the company