UniCredit, Commerzbank
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BERLIN, April 20 (Reuters) - A German lawmaker on Monday voiced opposition to a takeover of Commerzbank by Italy's UniCredit but said if a deal were to happen, the combined bank should be based in Frankfurt.
Unicredit-Chef Andrea Orcel stellt klar: Ohne Kontrolle über die Commerzbank wird die geplante Übernahme vorerst gestoppt. Der Widerstand aus Berlin und Frankfurt bleibt hoch.
Chancellor Friedrich Merz said his government rejects “hostile and aggressive tactics” in Germany’s banking industry after Commerzbank AG formally rejected UniCredit SpA’s takeover bid.
UniCredit’s Commerzbank bid faces resistance from management and Berlin, as Orcel pushes to cross the 30% threshold and force takeover
The battle for Commerzbank has escalated from boardroom whispers to open warfare. UniCredit CEO Andrea Orcel, failing to secure a friendly deal, has launched a direct assault on the German lender’s strategy and valuation,
Berlin, 20. Apr (Reuters) - Das SPD-geführte Bundesfinanzministerium spricht sich weiterhin klar gegen eine Übernahme der Commerzbank durch die italienische UniCredit aus. "Der Bund unterstützt die
After high-level deal talks between UniCredit and Commerzbank broke down, the Italian lender is taking its pitch directly to shareholders Read more at The Business Times.
The Commerzbank share price is trading near a 15-year high, having surged more than 20% in a single month. This remarkable ascent comes despite—or perhaps because of—a firm political blockade in Berlin against a potential takeover by Italy’s UniCredit.
Italian bank UniCredit said on Monday it has submitted an official takeover bid for German lender Commerzbank, a step that was swiftly met with condemnation in Frankfurt and Berlin. The offer aims to "overcome the 30% cliff-edge that exists under German takeover law and foster constructive engagement with Commerzbank and its stakeholders in the coming weeks,
Berlin, 20. Apr (Reuters) - Die SPD pocht darauf, dass im Falle einer Übernahme der Commerzbank durch die italienische UniCredit der Hauptsitz des neuen Instituts in Deutschland liegt. "Sollte es
UniCredit CEO Andrea Orcel, as a significant shareholder, highlighted the German bank's critical issues and the changes it would need to make to increase its profits. If the merger were to take place,
The German labour union Verdi said on Monday that it was sticking to its call for Commerzbank's independence as Italy's UniCredit continues its push to buy the German lender.