“Unicredit can offer more than 20 euros for Commerzbank shares” | EUROtoday

The financial institution JP Morgan isn’t just anybody. It is the biggest US financial institution, and its funding bankers employed by the federal authorities enabled Unicredit to buy a big block of Commerzbank shares in September – a transaction that later prompted Chancellor Olaf Scholz to say “unfriendly attacks” and “hostile takeovers.” “are “not what is a good thing for banks”. While the Commerzbank board can be attempting to defend itself with arguments towards the acquisition, JP Morgan has spoken out this week with a pointed evaluation. The financial institution assumes that Unicredit will obtain approval from the European Banking Authority of the ECB initially of 2025 to extend its shareholding from the present degree of slightly below 10 to 29.9 %. The additional steps that JP Morgan is predicting are additionally excellent news for shareholders.