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UniCredit aware of Commerzbank's concerns but shares tendered are 'a fact', source says

UniCredit aware of Commerzbank's concerns but shares tendered are 'a fact', source says

- UniCredit CRDI.MI is aware of the concerns expressed by Commerzbank CBKG.DE about take-up data in the Italian bank's hostile takeover offer for the German rival, but they do not change the facts, a person close to UniCredit said on Wednesday.

The concerns are speculative in nature while shares tendered are a fact, the source said describing UniCredit's position.

Commerzbank has said that it could not identify a single institutional investor who had tendered so far and only 0.05% retail acceptance, as shares tendered reached 10.9% on Tuesday.



(Reporting by Valentina Za, editing by Alvise Armellini)

((valentina.za@thomsonreuters.com; +39 02 6612 9526;))

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