UniCredit labeled Commerzbank overvalued and criticized its Momentum plan, escalating its contested takeover bid.
UniCredit projected a "Commerzbank Unlocked" plan delivering €5.1bn net profit, 19% ROTE by 2028, requiring €1.7bn investment.
A full merger with UniCredit’s HypoVereinsbank aims for €21bn group profit and 30% cost‑income ratio by 2030, needing €3.4bn investment.
UniCredit shares fell 2.3% to €68.51, while Commerzbank rose 0.9% to €36.37 after the presentation.