Explainer: ECB's role in any UniCredit and Commerzbank …
WEB2 days ago · For UniCredit , opens new tab to raise its Commerzbank , opens new tab stake above 10% will, however, need approval from the European Central Bank, the supervisor of the euro zone's biggest banks.
Commerzbank shares surge after UniCredit's latest stake acquisition
WEBSep 12, 2024 · 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. ...
German union appeals to Berlin to prevent Commerzbank sale to …
WEB2 days ago · Commerzbank, with more than 25,000 business customers, almost a third of German foreign trade payments and more than 42,000 staff, is a linchpin of the German economy, Europe's industrial motor.
UniCredit CEO approaches Commerzbank about merger after …
WEBFRANKFURT/MILAN, Sept 11 (Reuters) - UniCredit's (CRDI.MI) CEO approached Commerzbank about exploring merger talks on Wednesday, a source with knowledge of the matter said, after Italy's...
Commerzbank Stake Sale Drives New Wedge in Scholz Coalition
WEB2 days ago · Updated on. September 20, 2024 at 11:29 AM EDT. Save. The German government’s decision to offload about a quarter of its holding in Commerzbank AGis driving another wedge into Chancellor Olaf ...
UniCredit Should Move Soon on Commerzbank, JPMorgan …
WEB2 days ago · Markets. UniCredit Should Move Soon on Commerzbank, JPMorgan Analysts Say. Tie-up between European banks seen having “strategic merits”. Rival Deutsche Bank is reported to be weighing its ...
Commerzbank May Just Be Start of European Bank M&A, Analyst …
WEBSep 12, 2024 · Commerzbank shares soared 17% on Wednesday after UniCredit said it had built a 9% stake in the company and planned to start talks. The executive board at the German bank is reviewing its defense strategy, Bloomberg News has reported citing people familiar with the matter.
Berlin blindsided after JPMorgan asked UniCredit to bid for Commerzbank …
WEB5 days ago · Opposition politicians riled by top government officials caught unaware of talks with Italian lender. JPMorgan Chase bankers who advised the German government on the 4.5% stake sale in...
UniCredit’s Andrea Orcel swoops on Commerzbank - Financial …
WEBSep 11, 2024 · UniCredit spent up to €1.4bn to become the second-largest Commerzbank shareholder after the German government, acquiring a 4.5 per cent stake from the Finance Agency on Tuesday night and a...
UniCredit Takeover for Commerzbank Is Priced In by Bond …
WEBSep 13, 2024 · Bond investors are starting to see an increasing likelihood that Italian lender UniCredit SpA will take over Commerzbank AG.
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