UniCredit podnosi kapitał. Nowe akcje posłużą do przejęcia Commerzbanku
Summary
UniCredit's board approved a capital increase via new share issuance to fund a voluntary public tender offer for Commerzbank. The move targets all ordinary shares of Commerzbank not already held by UniCredit. Shareholders representing at least one-twentieth of the bank's capital may exercise a pre-emptive right under Italian Civil Code Article 2443 within 30 days of the resolution registration. New shares will be issued upon payment for the tendered shares, subject to offer conditions.
Key points
- UniCredit's board approved a capital increase via new share issuance to fund a voluntary public tender offer for Commerzbank.
- The move targets all ordinary shares of Commerzbank not already held by UniCredit.
- Shareholders representing at least one-twentieth of the bank's capital may exercise a pre-emptive right under Italian Civil Code Article 2443 within 30 days of the resolution registration.
- New shares will be issued upon payment for the tendered shares, subject to offer conditions.
Timeline
UniCredit's board approved the capital increase and tender offer.
“Podwyższenie kapitału zakładowego jest przeznaczone na potrzeby dobrowolnego publicznego wezwania do przejęcia wszystkich akcji zwykłych Commerzbank Aktiengesellschaft, które nie są bezpośrednio w posiadaniu UniCredit”
Background
UniCredit is seeking to acquire Commerzbank, a major German lender.
Why it matters
The capital increase is a critical step to finance the tender offer for the remaining shares.