Commerzbank AG has labeled UniCredit SpA's approach as 'hostile' amid ongoing tensions regarding a potential takeover. Commerzbank has expressed its willingness to discuss the matter only after UniCredit submits a formal offer. UniCredit has been increasing its stake in Commerzbank, now controlling approximately 28% through derivatives, which has raised concerns from the German government. The situation has escalated, with Commerzbank's management refusing to meet with UniCredit CEO Andrea Orcel for high-level negotiations. Meanwhile, Germany's finance minister criticized UniCredit's bid as 'very aggressive.' UniCredit is looking for clarity on its plans for Commerzbank by the end of 2025, with expectations for a clearer direction by summer or year-end.