UniCredit ramps up stake-build in Commerzbank with 21% holding
With the 4.5% stake it had accumulated during the summer through derivates, the 4.5% stake it bought from the German government’s block sale of shares, and Monday’s announcement of an extra 11.5% position, UniCredit will control just under 21% of Commerzbank.
Employees of Commerzbank protest against a potential takeover battle by UniCredit, in front of the Commerzbank headquarters ...
Shares of Commerzbank traded 3.1% lower on Monday after the government said that it would retain its 12% stake in the German ...
German Finance Minister Christian Lindner said his government decided to suspend sales of Commerzbank AG shares because ...
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.
German Chancellor Olaf Scholz slammed as "an unfriendly attack" UniCredit's move to become the biggest investor in rival ...
Bettina Orlopp has been waiting in the wings for more than four years. With Commerzbank AG scrambling to fend off an ...
That seems the logic underlying UniCredit’s pursuit of Germany’s Commerzbank. The Italian lender, led by M&A banker turned bank boss Andrea Orcel, has said it would not launch a hostile offer for ...
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