Commerzbank institutional investors tender just over 1% of shares in UniCredit offer, German bank says (updated)
UPDATE 1-Commerzbank institutional investors tender just over 1% of shares in UniCredit offer, German bank says adds details throughout, changes story format
FRANKFURT, June 25 (Reuters) - Germany's Commerzbank CBKG.DE said on Thursday that institutional investors have tendered just somewhat more than 1% of shares in UniCredit's CRDI.MI takeover offer.
Commerzbank said it published the figures to increase transparency and counter what it called "conflicting statements made by UniCredit".
The two banks have been in a battle for control for months, and UniCredit has made an offer for the bank that is currently ongoing.
"The shareholder structure remains largely unchanged," Commerzbank said.
Of the 12.51% of tendered shares, institutional investors have tendered 1.29% of shares, retail investors 0.05% and banks 11.17%, Commerzbank said.
(Reporting by Tom Sims, editing by Thomas Seythal)
((Tom.Sims@thomsonreuters.com))
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Commerzbank institutional investors tender just over 1% of shares in UniCredit offer, German bank says (updated)