Berlin livid as UniCredit tightens its grip on Commerzbank
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.
Employees of Commerzbank protest against a potential takeover battle by UniCredit, in front of the Commerzbank headquarters ...
Bettina Orlopp will take over as chief executive officer of Germany's Commerzbank in the near future, the bank announced on ...
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.
Commerzbank AG dropped after Germany said it won’t sell any more shares in the lender, a move signaling its opposition to any ...
When UniCredit bought 9 per cent of Commerzbank this month, the Italian bank’s chief executive Andrea Orcel sought to ...
By Tom Sims and John O'Donnell FRANKFURT (Reuters) -Commerzbank supervisory board members on Tuesday voiced fierce opposition ...
Independent.ie on MSN17h
UniCredit angers Germany by quietly amassing a stake in CommerzbankThe UK-based lender arranged derivatives linked to Commerzbank for the Italian lender in the weeks before Berlin sold a ...
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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