Commerzbank officials threaten bitter fight with UniCredit
WEB16 hours ago · [1/4] Employees of Commerzbank of German trade union Verdi protest against a potential takeover battle by UniCredit, in front of the Commerzbank headquarters in Frankfurt, Germany, September 24, 2024.
Olaf Scholz says Germany opposes a Commerzbank takeover
WEB1 day ago · German Chancellor Olaf Scholz has come out against a UniCredit takeover of Commerzbank after the Italian lender said it was raising its stake from about 9 per cent to 21 per cent. UniCredit on ...
Germany's Scholz shuts door to UniCredit after 'attack' on …
WEB1 day ago · MILAN/FRANKFURT (Reuters) -German Chancellor Olaf Scholz slammed as "an unfriendly attack" UniCredit's move to become the biggest investor in rival Commerzbank with a potential 21% stake, marking ...
Berlin livid as UniCredit tightens its grip on Commerzbank
WEB20 hours ago · The hope that Commerzbank, whose share price has languished for 16 years, might one day be as valuable as UniCredit, appeared to die with it: its stock fell 5.7 percent in Frankfurt. “Berlin obviously doesn't want to see a large German bank in Italian hands,” Lucas Guttenberg, a senior advisor with the …
Germany’s Lindner Says UniCredit Rattled Commerzbank Investors
WEB16 hours ago · German Finance Minister Christian Lindner said his government decided to suspend sales of Commerzbank AG shares because UniCredit SpA’s surprise move on the lender had unnerved investors.
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 · UniCredit notably acquired 4.5 percent of its stake from the German government itself -- after Berlin said it would start selling down its holdings in Commerzbank, citing the bank's improved ...
Italy’s UniCredit Trades Blows With Berlin Over Commerzbank
WEB1 day ago · Photo: Krisztian Bocsi/Bloomberg News. Italy’s UniCredit UCG -2.59% moved to buy another big chunk of Commerzbank CBK -0.64%, shrugging off German opposition to a possible takeover and upping ...
UniCredit’s Andrea Orcel swoops on Commerzbank - Financial …
WEBSep 11, 2024 · UniCredit spent up to €1.4bn to become the second-largest Commerzbank shareholder after the German government, acquiring a 4.5 per cent stake from the Finance Agency on Tuesday night and a...
Berlin blindsided after JPMorgan asked UniCredit to bid for …
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...
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