UniCredit dismissed Commerzbank's claims suggesting that the actual take-up in its exchange offer was lower than reported, calling the allegations groundless. This sparked a public dispute between the two banks regarding the validity of shareholder tender figures. Commerzbank CEO Bettina Orlopp expressed surprise at UniCredit's accusations of misleading the public. Meanwhile, German government sources stated that UniCredit's plans to take Commerzbank private are unviable as long as the state retains its stake.
