Germany's Scholz shuts door to UniCredit after 'attack' on Commerzbank …
WEB1 day ago · UniCredit CEO Orcel aims to build Europe's biggest bank; Commerzbank says to evaluate all options as shares fall 6%; ... Reuters, the news and media division of Thomson Reuters, is the world’s ...
UniCredit raises stake in Germany's Commerzbank to 21%
WEB1 day ago · If the lender's 21% stake is approved, UniCredit will become Commerzbank's largest shareholder, despite opposition from Berlin. The German government, which currently owns 12% of Commerzbank, said ...
Germany's Scholz slams UniCredit's 'hostile' move on Commerzbank
WEB1 day ago · UniCredit's attempt to participate in Commerzbank without consultation is an unfriendly act and is not appropriate in Europe and in Germany, German Chancellor Olaf Scholz said on Monday.
Orcel Escalates Commerzbank Fight With Surprise Stake Boost
WEB1 day ago · UniCredit SpA Chief Executive Officer Andrea Orcel moved 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 boosts its stake in Commerzbank, applies to own up to …
WEB1 day 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 ...
Commerzbank Falls as UniCredit Approach Runs Into Opposition
WEB1 day ago · September 23, 2024 at 3:26 AM EDT. Save. Commerzbank AGdropped after Germany said it won’t sell any more shares in the lender, a move signaling its opposition to any takeover by Italian rival ...
UniCredit lifts stake in Commerzbank to 21% - Financial Times
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 ...
Commerzbank shares surge after UniCredit's latest stake acquisition
WEBSep 12, 2024 · Shares of Commerzbank, Germany's second-largest bank, surged 17% following news that the Italian lender UniCredit had acquired a 9% stake in the bank on Wednesday.
UniCredit seeks ECB approval for larger stake in Commerzbank
WEB6 days ago · The Italian lender, UniCredit, is reportedly preparing to file an application with the European Central Bank (ECB), seeking approval to increase its stake in Germany's Commerzbank AG to as...
UniCredit’s Andrea Orcel swoops on Commerzbank - Financial …
WEBSep 11, 2024 · UniCredit eyes a new era in European banking. The German government now holds a 12 per cent stake, and has committed to a lock-up period of 90 days before selling any more Commerzbank shares....