Commerzbank Shares Seen Rising 35% on UniCredit Deal, KBW Says
- Analysts say takeover by rival is better option for investors
- Shares seen declining up to 20% if UniCredit walks away
The Commerzbank headquarters in Frankfurt.
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Commerzbank AG shares could surge as much as 35% if the German lender is taken over by Italian bank UniCredit SpA, according to analysts at KBW.
UniCredit could offer up to €21 a share should it move ahead with a full takeover bid, KBW analysts Thomas Hallett and Hugo Cruz wrote in a note Monday. The shares are currently trading around 16 euros. If UniCredit decides to walk away, Commerzank’s stock “would be under material pressure” and risks declining about 20%, they said.