{"id":326882,"date":"2026-07-09T08:54:56","date_gmt":"2026-07-09T06:54:56","guid":{"rendered":"https:\/\/italien.news\/?p=326882"},"modified":"2026-07-11T09:59:34","modified_gmt":"2026-07-11T07:59:34","slug":"unicredit-commerzbank-47","status":"publish","type":"post","link":"https:\/\/italien.news\/fr\/wirtschaft\/unicredit-commerzbank-47-prozent\/","title":{"rendered":"UniCredit s'assure pr\u00e8s de la moiti\u00e9 de Commerzbank"},"content":{"rendered":"
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UniCredit s'assure pr\u00e8s de la moiti\u00e9 de Commerzbank<\/h2>\n

\u00c0 l'issue d'une offre publique d'achat couronn\u00e9e de succ\u00e8s, la banque milanaise d\u00e9tient 47,59 % des parts<\/h3>\n

Milan \u2013 Dans la lutte qui dure depuis des ann\u00e9es autour de la Commerzbank, la banque italienne UniCredit a franchi une \u00e9tape d\u00e9cisive. L'offre publique d'\u00e9change lanc\u00e9e par la banque milanaise a \u00e9t\u00e9 couronn\u00e9e de succ\u00e8s : environ 17,6 % des actionnaires y ont souscrit, soit plus que pr\u00e9vu initialement. Avec le bloc d'actions qu'elle d\u00e9tenait d\u00e9j\u00e0, UniCredit d\u00e9tient d\u00e9sormais 47,59 % des parts.<\/p>\n

Gr\u00e2ce \u00e0 cette participation, l'\u00e9tablissement dispose de facto d'une influence d\u00e9terminante lors de l'assembl\u00e9e g\u00e9n\u00e9rale, sans pour autant franchir formellement le seuil du contr\u00f4le total. Il s'agit l\u00e0 d'un levier important pour la strat\u00e9gie \u00e0 venir : lors des futurs votes et pour la nomination \u00e0 des postes cl\u00e9s, le poids de la banque italienne ne pourra d\u00e9sormais pratiquement plus \u00eatre ignor\u00e9.<\/p>\n

Sur le plan politique, ce projet reste d\u00e9licat. Le gouvernement f\u00e9d\u00e9ral allemand, dirig\u00e9 par le chancelier Friedrich Merz, s'oppose \u00e0 cette acquisition \u2013 moins pour des raisons \u00e9conomiques que politiques. \u00c0 Berlin, la vente de l'un des plus grands \u00e9tablissements financiers allemands \u00e0 un groupe \u00e9tranger est consid\u00e9r\u00e9e comme impopulaire et offre \u00e0 l'opposition un terrain propice aux critiques. La direction de la Commerzbank avait conseill\u00e9 \u00e0 plusieurs reprises \u00e0 ses actionnaires de Refuser l'offre<\/a>, car les actions auraient plus de valeur.<\/p>\n

La balle est d\u00e9sormais dans le camp des autorit\u00e9s de surveillance allemandes pour la prochaine \u00e9tape. UniCredit souhaite obtenir les autorisations n\u00e9cessaires d'ici 2027 afin de pouvoir avoir son mot \u00e0 dire en temps utile lors de la nomination des responsables des postes cl\u00e9s. D'ici l\u00e0, le bras de fer entre Milan, Francfort et Berlin devrait se poursuivre.<\/p>\n

Cette initiative a une port\u00e9e symbolique pour le paysage bancaire europ\u00e9en. Depuis des ann\u00e9es, on \u00e9voque une consolidation transfrontali\u00e8re du secteur, qui a jusqu\u2019\u00e0 pr\u00e9sent \u00e9chou\u00e9 le plus souvent en raison de r\u00e9sistances nationales. Si UniCredit parvient \u00e0 mener \u00e0 bien cette fusion, ce serait l'une des plus importantes op\u00e9rations bancaires en Europe depuis longtemps \u2013 et un pr\u00e9c\u00e9dent illustrant jusqu'o\u00f9 le capital italien peut s'implanter en Allemagne.<\/p>\n<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Das \u00dcbernahmeangebot der UniCredit f\u00fcr die Commerzbank hat Erfolg: Die Mail\u00e4nder Bank kommt nun auf 47,59 Prozent \u2013 trotz Widerstands aus Berlin.<\/p>","protected":false},"author":2,"featured_media":318655,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inwp_podcast_mp3":"","inwp_podcast_apple":"","inwp_podcast_spotify":"","inwp_podcast_youtube":"","inw_restaurant_url":"","inw_restaurant_lat":"","inw_restaurant_lng":"","in_event_type":"","in_event_featured":"","in_event_teaser":"","in_event_name":"","in_event_address":"","in_event_status":"","in_event_turnus":"","inw_hotel_email":"","inw_hotel_type":"","inw_hotel_name":"","inw_hotel_street":"","inw_hotel_zip":"","inw_hotel_city":"","inw_hotel_region":"","inw_hotel_country":"","inw_hotel_phone":"","inw_hotel_url":"","inw_hotel_lat":"","inw_hotel_lng":"","inw_hotel_pricerange":"","inw_hotel_stars":"","inw_hotel_amenities":"","in_event_start":"","in_event_end":"","in_event_time":"","in_event_time_end":"","in_event_location":"","in_event_city":"","in_event_region":"","in_event_price":"","in_event_organizer":"","in_event_url":"","in_event_sort":"","in_event_sort_end":"","jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","subtitle":"Das \u00f6ffentliche Umtauschangebot der Mail\u00e4nder Bank hat Erfolg: Mit 47,59 Prozent der Anteile gewinnt UniCredit bestimmenden Einfluss \u2013 trotz des Widerstands der Bundesregierung.","jnews_video_option_group":[[]],"override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"bottom","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","show_comment_section":"1","number_popup_post":"5","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[1057],"tags":[8402,7428,1157],"class_list":["post-326882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wirtschaft","tag-banken","tag-italien-news","tag-wirtschaft"],"_links":{"self":[{"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/posts\/326882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/comments?post=326882"}],"version-history":[{"count":0,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/posts\/326882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/media\/318655"}],"wp:attachment":[{"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/media?parent=326882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/categories?post=326882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/tags?post=326882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}