Can Andrea Orcel be stopped from buying Commerzbank?
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 not happen against the will of governments.
Commerzbank officials threaten bitter fight with UniCredit
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 they were in for a long fight.
Commerzbank fights for its life amid apparent UniCredit reversal
The German bank named its next CEO on Tuesday. The lender’s board decried a sudden buy-up of stock by Italy’s UniCredit, which may be looking for a cross-border path to take on Wall Street.
What's Happening With UniCredit, Commerzbank
Tom, this has just been a spectacular story and I really want to take you through the basically only ten trading days that we've had where this approach from UniCredit to Commerzbank really began. And it began here just before all of this action became public,
UniCredit buys further 11.5% of Commerzbank in derivatives as it applies to get to 29.9%
UniCredit said it had acquired on Monday, through financial instruments, a further 11.5% of Commerzbank after applying to supervisors to reach a holding of up to 29.9% in the German rival. "The physical settlement under the new financial instruments may only occur after the required approvals have been obtained,
UniCredit Ups Ante in Pursuit of Germany’s Commerzbank
The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.
UniCredit Buys Further 11.5% Stake In Commerzbank, Totaling 21%
Italian lender UniCredit SpA (UCG, UNCFF.PK) announced Monday that it has entered into financial instruments relating to around 11.5
Andrea Orcel sends Germany into a frenzy
Plus, Murdoch vies for property listings group Rightmove and a private equity continuation fund’s collapse shows the vehicles ...
Orcel Escalates Commerzbank Fight With Surprise Stake Boost
UniCredit SpA Chief Executive Officer Andrea Orcel moved to more than double the lender’s stake in Commerzbank AG, in a ...
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German Political Unity Against Orcel's Commerzbank Stakebuilding
UniCredit CEO Andrea Orcel's stakebuilding in Commerzbank has provoked strong opposition from Germany's political establishment. Despite few legal options to thwart Orcel's ambitions, German ...
Germany talks tough but has limited room to halt UniCredit's advance on Commerzbank
UniCredit Chief Executive Andrea Orcel has succeeded in uniting Germany's political establishment in opposition to his stakebuilding in Commerzbank , the country's second largest lender.
Banking’s Ultimate Dealmaker Orcel Hits German Resistance
Andrea Orcel’s audacious move on Commerzbank AG caught many in Germany unawares. On Friday, Berlin hit back.
Orcel’s Surprise Swoop on Commerzbank Was Long in the Making
This summer, the German government appeared ready to finally reduce its stake in Commerzbank AG. It was a moment Andrea Orcel ...
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Barclays, Bank of America helped Andrea Orcel buy Commerzbank stake
UNICREDIT chief executive officer Andrea Orcel used Barclays and Bank of America to help him quietly build up a stake in ...
Barclays, Bank of America Helped Orcel Buy Commerzbank Stake
UniCredit SpA Chief Executive Officer Andrea Orcel used Barclays Plc to help quietly build up a stake in Commerzbank AG, a ...
UniCredit has Germany's trust, won't go hostile on Commerzbank, CEO says
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO ...