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 landscape. Now, as UniCredit chief executive, the Italian has set himself his biggest test so far -- breaking down Europe's deeply entrenched political resistance to cross-border mergers.
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 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 won't sell more Commerzbank shares for now, finance agency says
Germany will not sell any more shares in Commerzbank for the time being and the bank's strategy is "geared towards independence," the nation's finance agency said on Friday.
German Government Won’t Sell More Commerzbank Shares for Now
The German government won’t sell any more shares in Commerzbank AG for now, the strongest signal yet that Berlin is opposed to any UniCredit SpA bid.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityThe Moonshot Plan to Eliminate Deaths on America’s RoadsCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughNew York City’s Transit System Plans $65.
Banking’s Ultimate Dealmaker Orcel Runs Into German Resistance
Andrea Orcel’s audacious move on Commerzbank AG caught many in Germany unawares. On Friday, Berlin hit back.
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 ...
UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights
Now speculation has shifted to whether a full takeover of Commerzbank by UniCredit is likely. UniCredit faces a number of ...
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 ...
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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 ...
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Andrea Orcel Is Giving Every Bank CEO A Nudge With Commerzbank Stake
Hi, it’s Jan-Henrik Förster in Zurich, looking at the message Andrea Orcel is sending to his fellow bank CEOs in Europe.
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 ...
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 ...
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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 ...
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 ...
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 ...