European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

UniCredit/Commerzbank: Comerzbank's CMD, Update on Timeline and Challenges

UniCredit's Strategic Stake in Commerzbank and Implications for a Takeover

Event-Driven

<ul>
<li>€1bn buyback absorbs ~5% of free float by Feb 2026, providing scarcity support and EPS accretion while signaling independence.</li>
<li>UniCredit builds to 26%, cleared up to 29.9%, with 30% as the mandatory offer trigger.</li>
<li>Options market shows heavy 33C positioning; best trade expressions are call spreads or financed risk reversals around MAR disclosures and regulatory milestones.</li>
</ul>


€1bn buyback absorbs ~5% of free float by Feb 2026, providing scarcity support and EPS accretion while signaling independence.
UniCredit builds to 26%, cleared up to 29.9%, with 30% as the mandatory offer trigger.
Options market shows heavy 33C positioning; best trade expressions are call spreads or financed risk reversals around MAR disclosures and regulatory milestones.


CBK: Buyback Tightens Float as UniCredit Nears 30% Threshold

Commerzbank AG

CBK: Buyback Tightens Float as UniCredit Nears 30% Threshold