Commerzbank is actively preparing for a potential takeover by UniCredit, with internal communications signaling that the German lender is bracing for a change in ownership.
Vice President Michael Kotzbauer and retail banking executive Thomas Schaufler highlighted the bank’s current business performance in an internal interview, a move interpreted as an effort to stabilize staff sentiment during the prolonged uncertainty of the acquisition battle.
This internal focus comes as the months-long contest for control of Germany’s largest bank reaches its critical juncture.
The market reaction reflects the shifting dynamics of the deal.
Commerzbank shares have risen in recent sessions as UniCredit’s position has strengthened, with the Italian lender increasing its stake to 47.59% through fresh share acquisitions.
The rising ownership percentage has reduced the likelihood of a successful defense by Commerzbank’s existing management, leading investors to price in a higher probability of a successful merger.