Olaf Scholz says Germany opposes a Commerzbank takeover
WEB1 day ago · UniCredit has increased its stake in Germany’s Commerzbank from about 9 per cent to 21 per cent, in a move that could kick-start a hostile bid for the rival lender. The Italian bank said on ...
UniCredit boosts its stake in Commerzbank, applies to own up to …
WEB2 days ago · Commerzbank headquarters in the financial district of Frankfurt, Germany, on Sept. 12, 2024. UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and ...
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 ...
Orcel Escalates Commerzbank Fight With Surprise Stake Boost
WEB1 day ago · Save. 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 ...
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 ...
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...
UniCredit Raises 2024 Revenue Outlook After Second-Quarter Beat
WEBJul 23, 2024 · The Italian bank said Wednesday that net profit rose to 2.68 billion euros ($2.91 billion) from EUR2.31 billion in the same period a year ago, on revenue that grew 6.1% to EUR6.33 billion.
UniCredit Boosts Investor Returns as Profit Triples Estimates
WEBFeb 5, 2024 · UniCredit SpA surged to the highest in more than eight years after the bank boosted shareholder returns on 2023 profit to €8.6 billion ($9.3 billion), once again raising the payout benchmark for...
Commerzbank officials threaten bitter fight with UniCredit
WEB14 hours ago · FRANKFURT, Sept 24 (Reuters) - Commerzbank's (CBKG.DE) deputy chair (CBKG.DE) voiced opposition on Tuesday to a takeover of the German bank by Italy's UniCredit <CRDI.MI>. Speaking in front of ...
Investors cheer after UniCredit lifts payout goal by 40%
WEBMILAN, Jan 31 (Reuters) - UniCredit (CRDI.MI) on Tuesday galvanised investors by pledging to return 5.25 billion euros ($5.69 billion) from its 2022 earnings after posting a record quarterly...