UniCredit irks Rome with $11 billion Banco BPM swoop after …
Nov 25, 2024 · Italy's UniCredit on Monday launched a surprise 10 billion euro ($11 billion) bid for domestic peer Banco BPM , which CEO Andrea Orcel said would take precedence over any potential move on...
Germany’s Habeck ‘Concerned’ About UniCredit Move on …
1 day ago · German Economy Minister Robert Habeck said he’s concerned about UniCredit SpA’s approach of Commerzbank AG, adding to opposition in Berlin to a potential deal.
UniCredit pivots back to Commerzbank, increases stake to 28%
4 days ago · UniCredit’s physical stake in Commerzbank stands at 9.5% because European Central Bank rules prevent it from increasing its holding beyond 9.9% without regulator sign-off. The Italian bank said Wednesday, though, that it had “activated” the formal approval process, meaning regulators must give a decision within 90 days whether UniCredit ...
Germany Says It Expects UniCredit to Sell Commerzbank Stake
3 days ago · Germany effectively called on UniCredit SpA to sell its stake in Commerzbank AG, just hours after the Italian bank said it had increased it, further escalating tensions between the two main ...
UniCredit Says It Has Increased Commerzbank Stake to About 28%
4 days ago · UniCredit has entered into derivatives relating to Commerzbank shares, the Milan-based lender said in a statement on Wednesday. The stake now consists of 9.5% direct ownership and about 18.5% ...
Germany rejects UniCredit's latest Commerzbank stake hike in …
4 days ago · Germany rejected UniCredit's latest Commerzbank stake increase as an "uncoordinated and unfriendly approach" on Wednesday, strongly rebuking the Italian bank.
Banco BPM says UniCredit's takeover offer does not reflect its ...
Nov 26, 2024 · UniCredit offered to snap up Banco BPM for roughly $10.5 billion on Monday. A Banco BPM SpA bank branch in Milan, Italy, on Friday, Nov. 15, 2024. Italian lender Banco …
Why Germany Is Resisting UniCredit’s Takeover of Commerzbank
Nov 1, 2024 · Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.
UniCredit Lifts Commerzbank Stake Again, Nearing Trigger
4 days ago · UniCredit raised its stake in Commerzbank to 28%, building on previous efforts to stock up its holding in its German rival and reigniting expectations it could launch a mandatory takeover offer ...
UniCredit lifts Commerzbank exposure to 28% – The Irish Times
4 days ago · UniCredit holds 9.5 per cent of its stake in Commerzbank directly, but has been hamstrung by rules that prevent it from increasing its holding beyond 9.9 per cent without consent from European ...