UniCredit S.p.A.

UCG

IT0005239360

Banks

Real-time Borsa Italiana Other stock markets 03:59:53 2026-06-30 am EDT			5-day change	1st Jan Change
76.80 ^EUR	+0.05%		-2.65%	+8.28%

01:08am	UniCredit halves Amundi exposure, pushes in-house asset management	AN
12:51am	Delfin currency, today’s shareholder showdown at the annual meeting	AN

UniCredit: Exchange offer for Commerzbank to launch on May 5

Published on 04/22/2026 at 12:54 am EDT

Alliance News - Translated by Marketscreener - See original

UNICREDIT S.P.A.

+0.14%

COMMERZBANK AG

+0.55%

(Alliance News) - UniCredit's takeover bid for Commerzbank remains in the spotlight, with CEO Andrea Orcel working toward a launch of the exchange offer on May 5, according to a report by La Repubblica on Wednesday.

Rumors, fueled by German politicians and trade unions, have resurfaced regarding a potential relocation of the headquarters to Germany. However, the group has denied these claims, reaffirming its commitment to remaining in Italy.

The issue is also causing political friction, as the newspaper reports: Marco Osnato, chairman of the Finance Committee, suggested a possible government intervention should national interests be at risk, despite the constraints of Golden Power regulations.

Finally, Orcel clarified that without securing control, UniCredit could pause for 12 to 18 months, reactivate its EUR4.75 billion buyback program, and rebuild capital for future transactions.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Off-Hours Price	Change	5-day change	Capi.
	UNICREDIT S.P.A.	76.87EUR	+0.14%	-2.60%	131B
	COMMERZBANK AG	37.26EUR	+0.55%	-1.32%	45.75B

Latest news about UniCredit S.p.A.

01:08am	UniCredit halves Amundi exposure, pushes in-house asset management	AN
12:51am	Delfin currency, today’s shareholder showdown at the annual meeting	AN
12:02am	Italy - Factors to watch on June 30	RE
Jun. 29	Milan stocks little changed, Ftse Mib set to end H1 as Europe's top performer, Trevi soars, Danieli slides	RE
Jun. 29	Mergers and capital, von der Leyen takes aim at banking sovereignism	AN
Jun. 29	Banco BPM's choices between Crédit Agricole and UniCredit	AN
Jun. 28	Icop Obtains Fresh Loans from Intesa Sanpaolo, UniCredit, Banco BPM	MT
Jun. 26	ICOP completes a €106m refinancing deal	AN
Jun. 26	Milan bourse extends pullback on expectations of a lower Nasdaq, Banca Ifis plunges, oil names sold	RE
Jun. 26	Orlopp letter: Commerzbank courts shareholder loyalty	DP
Jun. 26	Commerzbank again asks investors to reject UniCredit bid	RE
Jun. 26	Commerzbank asks investors to reject UniCredit bid	RE
Jun. 26	Milan stocks, sharply lower at the open on tech selling, Banca Ifis plunges, oil down	RE
Jun. 26	Stocks open lower after tech selloff	AN
Jun. 26	Wise plans USD500 million buyback as profit falls despite revenue gain	AN

Andrea Orcel

Mr. Andrea Orcel is Chief Executive Officer at UBS AG (London Branch) and UBS Ltd., and President-Investment Bank at UBS Group AG. He is on the Board of Directors at UBS Ltd. and UBS Americas Holding LLC. He became a member of UBS Group Executive Board in July 2012 and was co-CEO of the Investment Bank from July to November 2012. In January 2016, he was appointed Senior Officer Outside of Australia for UBS Australia Branch, and since December 2014, he has additionally held the position as Chief Executive for UBS Limited and UBS AG London Branch. He joined UBS from Bank of America Merrill Lynch, where he had been Executive Chairman Investment Bank since 2009, President of Emerging Markets (excluding Asia) since 2010 and CEO of European Card Services since 2011. Prior to the acquisition of Merrill Lynch by Bank of America, Mr. Orcel was a member of Merrill Lynch’s global management committee and Head of Global Origination, which combined Investment Banking and Capital Markets. He held a number of other leadership positions, including President of Global Markets & Investment Banking for Europe, Middle East and Africa (EMEA) and Head of EMEA Origination beginning in 2004. Between 2003 and 2007, he led the Global Financial Institutions Group, of which he had been part since joining Merrill Lynch in 1992. Mr. Orcel holds an MBA from INSEAD and a degree in Economics and Commerce, summa cum laude, from the University of Rome.

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Company Profile

UniCredit S.p.A. is one of the leading European banking groups. Income breaks down by activity as follows: - retail banking (48.6%); - corporate, investment, finance and market banking (47.2%): leasing, factoring, stock transactions, participation in the rate, exchange, stock and derivative markets, stock exchange intermediation, etc.; - other (4.2%). At the end of 2025, the group managed EUR 535.4 billion in deposits and EUR 433.5 billion in loans. Products and services are marketed through a network of 3,075 branches located primarily in Italy (1,941). Revenue (including intragroup) is distributed geographically as follows: Italy (44.1%), Germany (21.9%), Central and Eastern Europe (19%), Austria (10.5%) and Russia (4.5%).

Employees

67,458

Sector

Banks

Calendar

Earnings release - Q2 2026

More about the company