Orcel Escalates Commerzbank Fight With Surprise Stake Boost
WEB1 day ago · UniCredit SpAChief Executive Officer Andrea Orcelmoved to more than double the lender’s stake in Commerzbank AG, in a dramatic development that’s likely to escalate tensions with the German ...
Berlin warns UniCredit against Commerzbank takeover attempt
WEB1 day ago · Berlin bailed out Commerzbank with billions of euros in 2009 after the global financial crisis pushed it to the brink of collapse. Commerzbank has bounced back strongly since then, posting its ...
Germany's Scholz slams UniCredit's 'hostile' move on Commerzbank
WEB1 day ago · BERLIN, Sept 23 (Reuters) - UniCredit's (CRDI.MI), opens new tab attempt to participate in Commerzbank without consultation is an unfriendly act and is not appropriate in Europe and in Germany ...
UniCredit ignores Berlin's wrath to raise stake in Germany's Commerzbank
WEB1 day ago · UniCredit has announced it has increased its stake in German lender Commerzbank, in a move likely to inflame tensions with Berlin. The Italian bank said it was raising its stake from around 9% to ...
Commerzbank warns UniCredit merger is threat to German …
WEB1 day ago · Commerzbank’s management has warned the German government that a potential multibillion-euro merger with UniCredit is a threat to businesses that make up the backbone of Europe’s biggest ...
German union appeals to Berlin to prevent Commerzbank sale to …
WEB5 days ago · FRANKFURT, Sept 19 (Reuters) - A German bank staff union on Thursday called on Berlin to prevent UniCredit (CRDI.MI), opens new tab from buying Commerzbank (CBKG.DE), opens new tab, warning of ...
Italy’s UniCredit Trades Blows With Berlin Over Commerzbank
WEB22 hours ago · Commerzbank shares trade at a big discount to the underlying value of its assets. Photo: Krisztian Bocsi/Bloomberg News. The battle for Germany’s Commerzbank CBK -5.68% heated up Monday, with ...
Berlin blindsided after JPMorgan asked UniCredit to bid for Commerzbank …
WEBSep 16, 2024 · Top officials in Berlin were not briefed in advance about an invitation for UniCredit to bid for a German government stake in Commerzbank, said three people familiar with the events, despite the...
Berlin ‘very sceptical’ about UniCredit move on Commerzbank
WEB5 days ago · If UniCredit purchases Commerzbank, Berlin may find itself in the position of having to bail out the Italian-based lender in case of a financial crisis, key people involved in discussions in...
Orcel Escalates Commerzbank Fight With Surprise Stake Boost
WEB1 day ago · CBK.DE. (Bloomberg) -- UniCredit SpA raised its stake in Commerzbank AG to 21%, just days after the German government indicated it opposes a takeover of the lender. Most Read from Bloomberg ...