UniCredit holds 29% of Commerzbank's shares and aims for a 30% stake, but the merger is contested by employees and authorities.

UniCredit has consolidated control over 29% of Commerzbank's shares, and CEO Orcel mentioned that the Italian bank aims to reach 30% by the end of the year. Exceeding this threshold would require UniCredit to make an official acquisition offer. However, there is strong opposition from employees and the German government, who fear possible layoffs. Bettina Orlopp, head of Commerzbank, emphasized that an increase in the stake would require a clear offer.