UniCredit Set to Win Unconditional EU Approval for Commerzbank Takeover; Decision Due by November 16, CEO Says Remaining Approvals by End of November
Italy's UniCredit is set to secure unconditional EU antitrust approval for its acquisition of Germany's second-biggest bank, Commerzbank, three people with direct knowledge of the matter told Reuters on November 9.
The European Commission's approval underscores the regulatory push for cross-border financial mergers to create European champions, Reuters reported, and it will come on the heels of the European Central Bank's green light for the deal last month. UniCredit CEO Andrea Orcel said on Monday that all the remaining regulatory approvals for UniCredit to take control of Commerzbank would come before the end of November, sooner than anticipated. The Commission and UniCredit both declined to comment.
The Commission, the EU competition enforcer, is due to decide on the deal by November 16. The EU watchdog initially had some concerns about whether Berlin's demand that the government keep two supervisory board seats at Commerzbank complied with EU laws, the people said. The German government, which still owns 13.3% of Commerzbank, has been able to name two of the 10 shareholder representatives on the 20-strong supervisory board since bailing out the bank during the global financial crisis. UniCredit has said it wants to appoint all of the shareholder representatives, which would leave no room for the two seats reserved for the government since the 2009 rescue. Regulators expect the issue to be resolved in time for the EU green light in mid-November or, if not, for it to be examined at a later stage, one of the people said.
Source: Reuters, November 9, 2026.
来源链接： https://www.reuters.com/world/unicredit-win-unconditional-eu-nod-commerzbank-deal-sources-say-2026-11-09/
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Source: Reuters
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