UniCredit Should Move Soon on Commerzbank, JPMorgan …
WEB3 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 ...
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...
Explainer-ECB's role in any UniCredit and Commerzbank …
WEB3 days ago · 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, while saying it would be ...
Commerzbank shares up after UniCredit buys stake from …
WEBSep 11, 2024 · Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government. The stake acquisition marks the...
UniCredit to seek ECB approval to potentially buy up to 30% of ...
WEB5 days ago · CBK.DE. MILAN (Reuters) - UniCredit will seek ECB clearance to potentially buy up to 30% of Commerzbank, three people close to the matter said, in order to have the "flexibility" the Italian bank ...
UniCredit Investors Back CEO Orcel’s Pursuit of Commerzbank
WEBSep 13, 2024 · Commerzbank currently has a market value of about €18 billion, up from around €15 billion before UniCredit unveiled its stake. While any value creation will depend on the terms of a deal and the requests by regulators, one of the investors estimates at least €2 billion in savings from a merger, and an internal rate of return — a key ...
UniCredit CEO says Europe needs Commerzbank takeover as he …
WEBSep 12, 2024 · UniCredit's 9% stake, unveiled on Wednesday, makes it Commerzbank's largest investor after the German government. The move sparked a 17% jump in Commerzbank's shares, with gains continuing...
Press Release - UniCredit
WEBSep 11, 2024 · UniCredit is pleased to announce that it has acquired an equity stake equal to around 9% in the share capital of Commerzbank AG. 4.49% has been acquired in an accelerated book building offering on behalf of the Federal Republic of Germany in line with its intention to reduce its stake in Commerzbank AG, and the rest of the stake has been ...
UniCredit’s Andrea Orcel plays a bold hand, with Commerzbank …
WEBSep 12, 2024 · UniCredit ’s CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards. UniCredit ...
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...
- Some results have been removed