Germany to retain Commerzbank shares as bank strives for independence
Germany has made it clear that it will hold onto its remaining shares in Commerzbank for the foreseeable future, affirming that the bank’s strategy remains focused on maintaining its independence. This was confirmed by Germany’s Finance Agency on Friday,
Germany Halts Commerzbank Share Sales to Block Any UniCredit Bid
Germany won’t sell any more shares in Commerzbank AG, a move that demonstrates the depth of opposition in Berlin to any takeover by Italian rival UniCredit SpA.
UniCredit CEO Orcel Says Merger with Commerzbank Could Boost Shareholder Value
UniCredit CEO Andrea Orcel stated that a merger with Commerzbank could deliver substantial value for stakeholders, strengthening both banks in the German market. Orcel highlighted potential savings in central
Germany to hold onto Commerzbank stake as lender aims for independence
Germany will not sell any more shares in Commerzbank for now and the bank's strategy is "geared towards independence," the country's Finance Agency said on Friday, in the clearest sign yet that the government doesn't currently favour a takeover of the nation's No.
Germany to Keep Commerzbank Shares After UniCredit Takes Stake
The government said it won’t offload any additional shares in the bank following the sale to UniCredit for €702 million. The move marks an U-turn for the government.
Germany Investigates Its Own Handling of Commerzbank Stake Sale
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.
Germany must oppose UniCredit takeover of Commerzbank, employees say
By Tom Sims and Christian Kraemer FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a takeover of the German lender by Italy's UniCredit as workers fear massive job losses if a deal goes through.
Analysis-UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet
For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking ...
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Andrea Orcel's Bold Move: Breaking Down Barriers in European Banking
Andrea Orcel, UniCredit's CEO, aims to break European political resistance to cross-border mergers through a bold stake in Commerzbank. Orcel's efforts may face obstacles from national politics and ...
The Suave Italian Banker Who Wants to Be the Jamie Dimon of Europe
Andrea Orcel has teed up UniCredit for a potential takeover of rival Commerzbank. He wants to build something Europe lacks—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 ...
Andrea Orcel Is Giving Every Bank CEO A Nudge With Commerzbank Stake
Henrik Förster in Zurich, looking at the message Andrea Orcel is sending to his fellow bank CEOs in Europe. Also today, ...
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UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say
UniCredit will seek ECB clearance to potentially buy up to 30% of Commerzbank, three people close to the matter said, in ...
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 ...
Can This Man Become Europe's Jamie Dimon?
Star Italian banker Andrea Orcel is looking to build a European banking champion that can finance people and companies across ...
UniCredit’s Andrea Orcel swoops on Commerzbank
Italian lender’s purchase of 9% stake in German rival could signal start of long-awaited banking consolidation ...
Europe’s moribund economy hardly needs another value-destroying mega-merger
Global finance has a terrible habit of over-hyping the abilities of those at the very top. Who can forget the way in which ...