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UniCredit Asks BaFin to Review Commerzbank Statements Over Bid

UniCredit Asks BaFin to Review Commerzbank Statements Over Bid
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UniCredit Asks BaFin to Review Commerzbank Statements Over Bid UniCredit SpA asked Germany’s BaFin to investigate statements by Commerzbank AG that it says have undermined its takeover offer, further ratcheting up tensions between the two banks. Commerzbank’s comments have created a “misleading narrative” around the offer process, the Milan-based bank said in a statement Monday. UniCredit rejected allegations related to its disclosures and shareholding position, saying it has acted in full...

UniCredit Asks BaFin to Review Commerzbank Statements Over Bid UniCredit SpA asked Germany’s BaFin to investigate statements by Commerzbank AG that it says have undermined its takeover offer, further ratcheting up tensions between the two banks. Commerzbank’s comments have created a “misleading narrative” around the offer process, the Milan-based bank said in a statement Monday. UniCredit rejected allegations related to its disclosures and shareholding position, saying it has acted in full compliance with German takeover and securities laws. It also said it has referred the matter to the German securities regulator BaFin, after Commerzbank had previously taken a similar step. [Image text:] SUniCredit SUniCredit
UniCredit (ORG) BaFin to Review Commerzbank (ORG) UniCredit SpA (ORG) Germany (LOCATION) BaFin (PERSON) Commerzbank AG (ORG) Commerzbank (ORG) Milan (LOCATION) German (ORG)
Originally published by Bloomberg Markets Read original →