4Mes·

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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7 Commenti

I don't understand your last paragraph. The federal government sold the shares directly to Unicredit. What's the problem with that?
immagine del profilo
@Transporter The Federal Republic of Germany is planning further reductions in its own shares.
In the event of a merger between UniCredit and Commerzbank, this could also have an impact on the valuation of the BRD shares. Positive but also negative. :)

(I have adjusted the text a little.)
@Staatsmann That's the right thing to do. The state should not interfere in the economy and with a takeover vision it is of course better for the price.
immagine del profilo
@Transporter The investment was not for economic reasons but as part of the bank rescue a few years ago.
@Staatsmann I realize that, it's not the first time the state has done this, see Lufthansa with Corona, Uniper or now with Meyer Werft. Nevertheless, the state should stay out of economic issues as much as possible and get rid of any shares as quickly as possible. The Meyer Weeft issue will probably be a flop. However, the entry of Unicredit can only be an advantage for the sale of Commerzba k shares.
immagine del profilo
@Transporter It is precisely at such times that the state intervenes, namely when it is necessary to avoid major problems.

Lufthansarendite alone has outperformed some portfolios that make fun of "Sparbuch Olaf". Uniper was also quite profitable.
immagine del profilo
@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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