Analysis-Germany Talks Tough but Has Limited Room to Halt UniCredit's Advance on Commerzbank
Employees of Commerzbank protest against a potential takeover battle by UniCredit, in front of the Commerzbank headquarters in Frankfurt, Germany, September 24, 2024. The placard reads “Safe workplaces for Commerzbank employees.” REUTERS/Tilmann Blasshofer
The German bank named its next CEO on Tuesday. The lender’s board decried a sudden buy-up of stock by Italy’s UniCredit, which may be looking for a cross-border path to take on Wall Street.
By Valentina Za, Tom Sims and Andreas Rinke MILAN/FRANKFURT (Reuters) -German Chancellor Olaf Scholz slammed as "an ...
Commerzbank Aktiengesellschaft (CZB) Commerzbank Lays Foundation for Leadership Transition 24-Sep-2024 / 19:29 CET/CEST The issuer is solely responsible for the content of this announcement.
Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback