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What will Commerzbank announce at its capital markets day on February 13, 2025?
3
Resolution / Starting Odds
Job cuts announced • 25%
Relocation of roles announced • 25%
Both job cuts and relocation announced • 25%
No major changes announced • 25%
Presentations and announcements made during Commerzbank's capital markets day
Story
Commerzbank Plans Job Cuts to Counter UniCredit's 28% Stake and German Government's Opposition
Jan 18, 2025, 04:56 PM
Commerzbank, Germany's second-largest private bank, is considering cutting thousands of jobs as part of a strategy to fend off a potential takeover by Italy's UniCredit, according to the Financial Times. The move is aimed at demonstrating to shareholders that the bank can remain competitive and profitable independently. The bank plans to present these strategies, including job cuts and possibly moving roles outside Germany, at a capital markets day on February 13. This comes after UniCredit increased its stake in Commerzbank to 28%, prompting concerns about a hostile takeover. The German government has expressed opposition to UniCredit's approach, and the bank's management is under pressure to improve profitability and shareholder returns to maintain its independence.
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Similar markets
Other • 25%
Drops to third-largest • 25%
Becomes largest private bank • 25%
Remains second-largest private bank • 25%
Change in CEO • 25%
Major restructuring announced • 25%
Change in board composition • 25%
No change in leadership • 25%
Maintained stake at 28% • 25%
Reduced stake below 28% • 25%
Launched a takeover bid • 25%
Increased stake to 30% without takeover • 25%
Opposed to UniCredit's stake • 25%
Initiated defensive measures • 25%
Supportive of UniCredit's stake • 25%
Neutral stance • 25%
Stake remains at 28% • 25%
Stake increases to 29.9% • 25%
Stake exceeds 29.9% • 25%
Stake decreases • 25%
Yes • 50%
No • 50%
Approved full stake increase • 33%
Approved partial stake increase • 33%
Denied stake increase • 34%
Continued acquisition interest • 25%
No acquisition interest • 25%
Partnership or alliance • 25%
Other developments • 25%