Berlin livid as UniCredit tightens its grip on Commerzbank
WEB13 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 …
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 ...
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 ...
UniCredit risks 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 ...
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 ...
Commerzbank Falls as UniCredit Approach Runs Into Opposition
WEB1 day ago · Commerzbank AG shares fell after Germany said it won’t sell any more shares in the lender, prompting traders to scale back bets on a takeover by UniCredit SpA.. Berlin on late Friday announced ...
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 ...
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...
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...
UniCredit’s Andrea Orcel swoops on Commerzbank - Financial …
WEBSep 11, 2024 · Berlin’s announcement last week that it was planning to sell down its remaining 16.5 per cent stake in Commerzbank appears to have paved the way for UniCredit’s chief executive Andrea Orcel to...
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