On 5 May 2026, UniCredit has published the offer document as part of its unsolicited public takeover offer for all shares of Commerzbank. The acceptance period runs until 16 June 2026. The takeover bid is structured as a share-for-share exchange offer, with the consideration consisting exclusively of newly issued shares in UniCredit. The market capitalization of Commerzbank stands at approximately EUR 40 billion as of May 7, 2026.
Hengeler Mueller advises Commerzbank comprehensively on Unicredit’s takeover offer.
Inhouse Commerzbank
Christian Wagner, Group General Counsel
Benedikt Leffers, Head of Group Legal Corporate/Supervisory Law
Bernd Singhof, Corporate/Supervisory Law
Ravi König, Senior Legal Counsel
Hengeler Mueller team for Commerzbank
Corporate/M&A: Hartwin Bungert (Düsseldorf, lead), Daniela Favoccia (Frankfurt), Christian Strothotte (all partner), Grigory Bekritsky, Tim Jaeger (both senior associate), Leonhard Kappenhagen (associate, all Düsseldorf),
Banking regulatory: Dirk Bliesener (partner), Jan Steffen, Martin Peters (both counsel, all Frankfurt),
Antitrust: Thorsten Mäger (partner), Mats Kremer (associate, both Düsseldorf),
Public Law: Jan Bonhage (partner, Berlin), Dirk Uwer (partner), Jan Schülting (senior associate, both Düsseldorf), Henri Roth, Matthias Schindlbeck (both associate, both Berlin),
Competition Law: Matthias Rothkopf (partner), David Rüther, Milan Zmrzlak (both associate, all Düsseldorf).