Italy’s UniCredit Trades Blows With Berlin Over Commerzbank
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
Berlin warns UniCredit against Commerzbank takeover attempt
The move has fuelled speculation of a potential takeover, setting the stage for a clash with Berlin, which still owns 12 percent of Commerzbank. Scholz made his displeasure clear from abroad, addressing German TV cameras on a street in New York.
UniCredit ignores Berlin's wrath to raise stake in Germany's Commerzbank
If the deal wins approval, it will make the Italian bank Commerzbank's largest shareholder - to the dismay of the German government. View on euronews
Commerzbank lacks a good defence for UniCredit’s ‘frenemy’ hug
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 Commerzbank.
UniCredit Ups Ante in Pursuit of Germany’s Commerzbank
The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.
UniCredit reaches deal to boost Commerzbank stake
UniCredit on Monday said it’s reached an agreement to further increase its stake in Commerzbank as the German government increasingly attempts to ward off an Italian acquisition of its number-two bank.
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