--- title: "德国商业银行首席执行官再次呼吁投资者拒绝意大利联合信贷的收购提议——更新" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/287052406.md" description: "德国商业银行首席执行官贝蒂娜·奥尔洛普（Bettina Orlopp）呼吁股东拒绝意大利联合信贷银行（UniCredit）的收购要约，称其模糊且在财务上不合适。她强调了相关风险，并表示该要约低估了德国商业银行的价值。该银行监事会主席延斯·魏德曼（Jens Weidmann）也表达了相似的担忧，强调了可能面临的不良贷款和意大利政府债券的风险。尽管管理层持此立场，一些股东对其应对联合信贷银行进攻的方式表示质疑，认为欧洲银行业需要进行跨境交易" datetime: "2026-05-20T11:00:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287052406.md) - [en](https://longbridge.com/en/news/287052406.md) - [zh-HK](https://longbridge.com/zh-HK/news/287052406.md) --- # 德国商业银行首席执行官再次呼吁投资者拒绝意大利联合信贷的收购提议——更新 By Joshua Kirby and Aimee Look Commerzbank's boss again called on shareholders to reject a takeover attempt by Italy's UniCredit, describing the bid as vague and inappropriate. "We urge that you do not accept UniCredit's offer," Chief Executive Bettina Orlopp told shareholders at the German bank's annual general meeting Wednesday. The amount UniCredit is offering for the part of Commerzbank it doesn't own is "not appropriate from a financial perspective," Orlopp said. She said UniCredit's plans are vague, offer no added value and are fraught with significant risks. UniCredit didn't immediately respond to a request for comment. Orlopp said management remains open to talks when there is willingness to discuss the points it has made. The executive's comments follow UniCredit launching a roughly 24 billion-euro ($27.86 billion) takeover offer for the shares it doesn't already own in Commerzbank. The bid would value the German bank around $40 billion in its entirety. UniCredit recently increased its stake in Commerzbank to around 38.9%. The bank's second-largest shareholder is the German federal government, which stepped in to prop up the bank at the time of the 2008 financial crisis. German officials, as well as trade unions, have been staunch in their opposition to a takeover of Commerzbank. If shareholders accept the share exchange offer, they would also be exposed to UniCredit's inherent risks, according to the chair of Commerzbank's supervisory board, Jens Weidmann. Shareholders would bear a higher ratio of nonperforming loans, significant business in Russia and increased exposure to Italian government bonds, Weidmann said during Wednesday's meeting. Orlopp and Weidmann's comments echo previous calls from Commerzbank management to reject UniCredit's lengthy courtship. Earlier this week, the bank's management and supervisory boards said the Italians' bid undervalued it, with no adequate premium to its current share price. Commerzbank said the suitor also lacked a credible plan for a combination. Still, some shareholders at the meeting questioned management's handling of UniCredit's advances. The European banking sector must look to cross-border deals if it is to stay competitive internationally, said Hendrik Schmidt, representing asset manager and Commerzbank investor DWS. Write to Aimee Look at aimee.look@wsj.com Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby (END) Dow Jones Newswires May 20, 2026 06:42 ET (10:42 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### 相关股票 - [CBK.DE](https://longbridge.com/zh-CN/quote/CBK.DE.md) ## 相关资讯与研究 - [德国商业银行正式拒绝裕信银行收购邀约](https://longbridge.com/zh-CN/news/286765607.md) - [德国商业银行正式拒绝裕信银行敌意收购策略 收购战言辞交锋升级](https://longbridge.com/zh-CN/news/283385525.md) - [意大利最大银行考虑竞购西班牙财富管理公司](https://longbridge.com/zh-CN/news/287110671.md) - [四家消金公司同日甩卖 31.45 亿元不良贷款，什么信号？](https://longbridge.com/zh-CN/news/286648921.md) - [意大利忠利集团一季度营业利润超预期并重申长期增长目标](https://longbridge.com/zh-CN/news/287167536.md)