Berlin blindsided after JPMorgan asked UniCredit to bid for …
WEBSep 16, 2024 · Berlin blindsided after JPMorgan asked UniCredit to bid for Commerzbank stake. Opposition politicians riled by top government officials caught unaware of talks with Italian lender.
Berlin livid as UniCredit tightens its grip on Commerzbank
WEB41 minutes 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
WEB17 hours ago · UniCredit notably acquired 4.5 percent of its stake from the German government itself -- after Berlin said it would start selling down its holdings in Commerzbank, citing the bank's improved ...
UniCredit enters into additional instruments relating to …
WEB1 day ago · Meanwhile, UniCredit has today entered into financial instruments relating to ca. 11.5% Commerzbank shares, Physical settlement under the new financial instruments may only occur after the required approvals have been obtained. Together with the position of ca. 9% communicated previously, UniCredit's overall position now totals ca. 21%.
UniCredit boosts its stake in Commerzbank, applies to own up to …
WEB1 day ago · UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%. The Italian bank acquired the ...
Orcel Escalates Commerzbank Fight With Surprise Stake Boost
WEB20 hours 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 ...
Berlin ‘very sceptical’ about UniCredit move on Commerzbank
WEB4 days ago · Berlin ‘very sceptical’ about UniCredit move on Commerzbank. Senior figures in German government believe Italian lender took ‘stealthy’ approach to stakebuilding. Officials in Berlin are...
Germany Comes Out to Protect Commerzbank As Unicredit …
WEB16 hours ago · Tensions between Germany and UniCredit SpA burst into the open Monday as the government said it opposes a takeover of Commerzbank AG while the Italian lender moved to raise its stake.
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...
UniCredit buys Commerzbank stake from Berlin in breakthrough …
WEBSep 11, 2024 · UniCredit buys Commerzbank stake from Berlin in breakthrough deal. The Italian institution is capitalizing on a rare chance to create a pan-European banking champion. The Milan-based institution said on Wednesday it had bought a 9 percent stake in Commerzbank, Germany’s second-largest private-sector bank. | …