(Bloomberg) -- The German government has started an internal probe into its Commerzbank AG share sale after the transaction allowed UniCredit SpA to swoop in and take a major stake in the lender.
FRANKFURT, Sept 18 (Reuters) - Commerzbank (CBKG.DE), opens new tab is poised to put CFO Bettina Orlopp in charge of talks with UniCredit (CRDI.MI), opens new tab when the German bank's ...
The recent sale of Commerzbank shares to UniCredit has failed on both counts, offering a textbook example of how not to create price tension in a capital markets offering. The €700mn disposal of ...
Decided against unsolicited bid and won't consider it Could just sell Commerzbank stake at a profit Believes UniCredit's approach was welcome UniCredit CEO Andrea Orcel told Italian daily Il ...
Commerzbank AG Chief Executive Officer Manfred Knof said he’ll study any proposals coming from UniCredit AG after the Italian lender bought a stake and said it wants to play an active role in ...
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UniCredit SpA has demonstrated at its existing German unit that it can cut costs in the country, which bodes well for its potential plans for Commerzbank AG, analysts at KBW wrote in a note.
FRANKFURT (Reuters) - UniCredit, Italy's second-largest bank, has taken a 9% stake in Germany's Commerzbank and is seeking permission to potentially raise this to 29.9%, sources told Reuters ...
UniCredit CEO Approaches Commerzbank About Merger After Share Swoop, Source Says By John O'Donnell, Valentina Za and Tom Sims FRANKFURT/MILAN (Reuters) -UniCredit's CEO approached Commerzbank ...
Stay tuned for our 2024 updates. Whether painting walls, furnishings, cabinets, or trim, quality interior house paint is the key to good-looking, long-lasting results. But the sheer variety of ...
The Italian lender, UniCredit, is reportedly preparing to file an application with the European Central Bank (ECB), seeking approval to increase its stake in Germany's Commerzbank AG to as much as ...
Shares of Commerzbank, Germany's second-largest bank, surged 17% following news that the Italian lender UniCredit had acquired a 9% stake in the bank on Wednesday. The acquisition price was €13. ...