Berlin livid as UniCredit tightens its grip on Commerzbank
Things hit fever pitch on Monday after Italy’s UniCredit, led by veteran dealmaker Andrea Orcel, announced out of the blue that it had entered into derivatives transactions that would raise its stake in Germany’s second-largest bank to 21 percent, making it the largest shareholder.
UniCredit Boosts Commerzbank Stake, Eyes Potential Takeover
Italian banking giant UniCredit has increased its stake in German rival Commerzbank from 9% to 21%, signaling a potential move toward a full takeover. UniCredit announced on Monday that the expansion of its stake aims to "unlock" Commerzbank's "substantial value" as the Italian lender continues to increase its influence in the German banking sector.
European stocks were higher Monday as investors assessed banking deals and German and French business activity data.The ...
German Chancellor Olaf Scholz slammed as "an unfriendly attack" UniCredit's move to become the biggest investor in rival ...
For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking ...
Commerzbank AG slumped as Germany said it won’t sell more shares in the lender. The Stoxx Europe 600 Index was little ...
UniCredit on Monday said it’s reached an agreement to further increase its stake in Commerzbank as the German government ...
MILAN/FRANKFURT (Reuters) -German Chancellor Olaf Scholz slammed as "an unfriendly attack" a move by UniCredit to become the ...
trading slightly down in afternoon trade in Europe. UniCredit's shares were down around 2% at the same time. Whether UniCredit keeps the shareholding, sells it or raises it further will depend on ...
Italian lender UniCredit SpA (UCG, UNCFF.PK) announced Monday that it has entered into financial instruments relating to around 11.5 ...
UniCredit CEO Orcel aims to build Europe's biggest bank Commerzbank says to evaluate all options as shares fall 6% German opposition leader says UniCredit's strategy 'amateur' ECB to rule on ...
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In a report released today, Jason Napier from UBS maintained a Buy rating on Commerzbank (0RLW – Research Report), with a price target of ...
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