Italy’s UniCredit Trades Blows With Berlin Over Commerzbank
WEB8 hours ago · Commerzbank shares trade at a big discount to the underlying value of its assets. Photo: Krisztian Bocsi/Bloomberg News. The battle for Germany’s Commerzbank CBK -5.68% heated up Monday, with ...
Italy Grows Annoyed as Germany Criticizes Moves on Commerzbank
WEB8 hours ago · September 23, 2024 at 1:05 PM EDT. Save. Italian government officials are growing frustrated at Germany’s opposition to a potential takeover of Commerzbank AG by Milan-based UniCredit Spa ...
Berlin warns UniCredit against Commerzbank takeover attempt
WEB11 hours ago · Milan (Italy) (AFP) – Italian lender UniCredit said on Monday it has increased its stake in Commerzbank to around 21 percent, fuelling speculation that it could seek a takeover of its German ...
Commerzbank warns UniCredit merger is threat to German …
WEB21 hours ago · People close to Commerzbank executives added that a potential “Italy first” approach by UniCredit in times of financial stress could put German clients at a disadvantage and hurt the wider ...
Orcel Escalates Commerzbank Fight With Surprise Stake Boost
WEB14 hours ago · UniCredit SpA Chief Executive Officer Andrea Orcel moved to more than double the lender’s stake in Commerzbank AG, in a dramatic development that’s likely to escalate tensions with the German ...
UniCredit says increasing Commerzbank stake to 21%
WEB13 hours ago · UniCredit said Monday in a statement that it has entered into financial instruments enabling it to increase its stake in Commerzbank to 21% of the capital. Italy's second-largest bank said it has ...
UniCredit enters into additional instruments relating to Commerzbank …
WEB1 day ago · Consistent with its statement on 11 September 2024, UniCredit submitted the required regulatory filing for acquiring a stake in Commerzbank in excess of 10% up to 29.9%. Meanwhile, UniCredit has today entered into financial instruments relating to ca. 11.5% Commerzbank shares, Physical settlement under …
UniCredit lifts stake in Commerzbank to 21% - Financial Times
WEB14 hours ago · UniCredit has increased its stake in Germany’s Commerzbank from about 9 per cent to 21 per cent, in a move that could kick-start a hostile bid for the rival lender. The Italian bank said on ...
News updates from September 11: Italy’s UniCredit buys 9% of ...
WEBSep 10, 2024 · Italian lender UniCredit has bought a 9 per cent stake in its German rival Commerzbank and is taking regulatory steps to increase its stake further, in a move that may open the door to a...
UniCredit Raises Commerzbank Holding to Around 21% — Update
WEB13 hours ago · Sep 23, 2024 5:05am. By Elena Vardon. Italy's UniCredit increased its holding in Commerzbank to around 21%, pending regulatory approval, in a move that could pit it against resistance in Germany ...
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