This offer translates to a valuation of approximately €30.80 per Commerzbank share, while the stock was trading at around €35 in Frankfurt at midday, suggesting limited appeal to Commerzbank shareholders. The German government, which holds a stake of over 12%, has expressed opposition to the sale. Additionally, Commerzbank’s management, works council, and employees have been actively resisting the takeover, citing concerns over potential job losses. This announcement was broadcast on Deutschlandfunk on May 5, 2026.