UniCredit ramps up stake-build in Commerzbank with 21% holding
With the 4.5% stake it had accumulated during the summer through derivates, the 4.5% stake it bought from the German government’s block sale of shares, and Monday’s announcement of an extra 11.5% position, UniCredit will control just under 21% of Commerzbank.
Employees of Commerzbank protest against a potential takeover battle by UniCredit, in front of the Commerzbank headquarters ...
Craig Coben, former global head of equity capital markets at Bank of America, says Europe's vision of a banking union is what ...
German Finance Minister Christian Lindner said his government decided to suspend sales of Commerzbank AG shares because ...
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
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.
Commerzbank AG dropped after Germany said it won’t sell any more shares in the lender, a move signaling its opposition to any ...
The UniCredit-Commerzbank takeover saga not only highlights the clash between cross-border consolidation and national ...
Italy's UniCredit increased its holding in Commerzbank to around 21%, pending regulatory approval, in a move that could pit it against resistance in Germany. UniCredit entered into financial ...
That seems the logic underlying UniCredit’s pursuit of Germany’s Commerzbank. The Italian lender, led by M&A banker turned bank boss Andrea Orcel, has said it would not launch a hostile offer for ...
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