2Mo·

Commerzbank shares recorded a strong double-digit rise after CEO Manfred Knof announced that he would not be renewing his contract, which could trigger strategic changes.


Italian bank UniCredit also acquired new shares in Commerzbank, which is seen as potentially paving the way for closer cooperation between the two institutions. There is also speculation about a possible merger between Commerzbank and UniCredit.


This move towards a possible merger could have a significant impact on the shareholding of the Federal Republic of Germany, which held around 15.6% of Commerzbank but has reduced its stake by around 4%.


https://www.finanzen.net/nachricht/aktien/fuehrungswechsel-commerzbank-aktie-springt-zweistellig-an-commerzbank-chef-knof-plant-keine-vertragsverlaengerung-unicredit-steigt-ein-13834082


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I don't understand your last paragraph. The federal government sold the shares directly to Unicredit. What's the problem with that?
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@PeteIsTheBest The federal government still holds 12.1% and is therefore the largest shareholder. $CBK Orlopp Bettina may succeed Mañfred Knof.
Both will position themselves here.
Share is at 5 year high!
Commerzbank is a care case - cost ratio 63%
Return on equity <9%
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