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Commerzbank vs. Unicredit: A Battle for Control

Commerzbank is attempting to fend off a potential takeover bid by Unicredit by showcasing strong financial results and launching a share buyback program.

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German

Germany

Germany Labour MarketInvestmentStock MarketFinanceBankingTakeover

CommerzbankUnicreditMbankEuropean Central Bank (Ezb)Financial Agency Of The Federal Republic Of Germany

Bettina OrloppAndrea Orcel

What is Commerzbank's projected profit for 2024?: Commerzbank aims to reassure shareholders with a projected record profit of around \u20ac2.4 billion for 2024, despite a slight dip in third-quarter earnings compared to the previous year.
What share buyback plan has Commerzbank announced?: To further bolster shareholder confidence, Commerzbank plans a share buyback of approximately \u20ac600 million, with an application for an additional \u20ac400 million pending approval.
What action has Unicredit taken regarding Commerzbank?: Unicredit, an Italian bank, has acquired a significant stake in Commerzbank and has indicated that a takeover is a possibility. This has prompted Commerzbank to highlight its strong financial performance and future outlook.
What is the main strategic goal behind Commerzbank's actions in response to Unicredit's interest?: Commerzbank's improved profit projections, coupled with the share buyback plan, are intended to counter the threat posed by Unicredit's significant stake and potential takeover bid.
How did Commerzbank's third-quarter earnings perform compared to the previous year and analyst expectations?: Commerzbank's third-quarter earnings were \u20ac642 million, slightly lower than the previous year but exceeding analyst expectations. The bank's overall performance for the first nine months shows a year-on-year increase of over five percent.

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