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.
Craig Coben, former global head of equity capital markets at Bank of America, says Europe's vision of a banking union is what ...
In a 2005, in a shock-and-awe move, UniCredit snapped up Bavaria’s historic HypoVereinsbank (HVB) for €15 billion. Since then ...
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 ...
BERLIN/FRANKFURT (Reuters) - UniCredit Chief Executive Andrea Orcel has succeeded in uniting Germany's political ...
The UniCredit-Commerzbank takeover saga not only highlights the clash between cross-border consolidation and national ...
The German government does not see legal powers it could use to prevent the takeover of Commerzbank by Italy's UniCredit, two ...
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