Commerzbank officials threaten bitter fight with UniCredit
WEB15 hours ago · Commerzbank supervisory board members on Tuesday voiced fierce opposition to any takeover of the German bank by Italy's UniCredit , personally attacking UniCredit's CEO Andrea Orcel and vowing ...
Orcel Escalates Commerzbank Fight With Surprise Stake Boost
WEB1 day 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 ...
Olaf Scholz says Germany opposes a Commerzbank takeover
WEB1 day ago · German Chancellor Olaf Scholz has come out against a UniCredit takeover of Commerzbank after the Italian lender said it was raising its stake from about 9 per cent to 21 per cent. UniCredit on ...
Can Andrea Orcel be stopped from buying Commerzbank?
WEB10 hours ago · When UniCredit bought 9 per cent of Commerzbank this month, the Italian bank’s chief executive Andrea Orcel sought to reassure Berlin of his intentions by saying cross-border banking deals could ...
Scholz Condemns UniCredit’s ‘Unfriendly’ Commerzbank Move
WEB1 day ago · Resentment within the German government has been building over the way UniCredit Chief Executive Officer Andrea Orcel made his move on Commerzbank, a lender seen as a crucial source of funding for ...
Orcel Escalates Commerzbank Fight With Surprise Stake Boost
WEB1 day ago · New York City’s Transit System Plans $65.4 Billion of Upgrades for Grand Central, Subways. UniCredit said Monday that it had bought derivatives contracts for an 11.5% stake in Commerzbank ...
Andrea Orcel plots UniCredit’s boldest move yet on Commerzbank
WEBSep 12, 2024 · On Thursday morning, Orcel confirmed that UniCredit was considering increasing its stake and potentially merging with Commerzbank. “We think there is space given fragmentation of the market to ...
Orcel Reiterates UniCredit Will Be Active Commerzbank Investor
WEBSep 16, 2024 · UniCredit SpA Chief Executive Officer Andrea Orcel said he intends to play an active role in Commerzbank AG’s strategy after becoming a major investor, reiterating a stance he outlined in a...
Berlin livid as UniCredit tightens its grip on Commerzbank
WEB19 hours ago · In the battle for Commerzbank, the gloves are off. Things hit fever pitch on Monday after Italy’s UniCredit, led by veteran dealmaker Andrea Orcel, announced out of the blue that it had entered into derivatives transactions that would raise its stake in Germany’s second-largest bank to 21 percent, making it the largest shareholder.. That prompted a furious reaction from German Chancellor ...
Analysis-Germany Talks Tough but Has Limited Room to Halt UniCredit…
WEB1 day ago · Chancellor Olaf Scholz, who leads the Social Democrats, slammed Orcel's latest move as "an unfriendly attack" after UniCredit announced on Monday it had used derivatives to raise its potential ...
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