Unicredit ups stake in Commerzbank as it looks to ECB for next …
4 days ago · UniCredit has added another 7% to its stake in Commerzbank, leaving it with a 28% share as it closes in on a controversial takeover attempt of the German bank. The Italian bank said it a statement ...
UniCredit Lifts Commerzbank Stake as Orcel Keeps Up Pursuit
3 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% ...
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.
Germany rejects UniCredit's latest Commerzbank stake hike in …
3 days ago · Germany rejected UniCredit's latest Commerzbank stake increase as an "uncoordinated and unfriendly approach" on Wednesday, strongly rebuking the Italian bank.
UniCredit raises stake in Commerzbank to 28% as Orcel ups ante …
4 days ago · UniCredit has applied to the European Central Bank for permission to acquire a stake of up to 29.9% in the German bank, as CEO Andrea Orcel simultaneously pursues a bid for Italian peer Banco BPM.
UniCredit Says It Has Increased Commerzbank Stake to About 28%
3 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 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 ...
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.
Germany opposes UniCredit’s move to raise Commerzbank stake
2 days ago · However, UniCredit’s move is being opposed by the German government, which is urging the Italian bank to divest its stake, reported Bloomberg News. UniCredit requires approval from the European ...
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