The bank JP Morgan is not just anyone. It is the largest US bank, and its investment bankers hired by the federal government enabled Unicredit to purchase a large block of Commerzbank shares in September – a transaction that later prompted Chancellor Olaf Scholz to say “unfriendly attacks” and “hostile takeovers.” “are “not what is a good thing for banks”. While the Commerzbank board is also trying to defend itself with arguments against the purchase, JP Morgan has spoken out this week with a pointed analysis. The bank assumes that Unicredit will receive approval from the European Banking Authority of the ECB at the beginning of 2025 to increase its shareholding from the current level of just under 10 to 29.9 percent. The further steps that JP Morgan is predicting are also good news for shareholders.
