UniCredit, Commerzbank
Barclays Helped UniCredit Quietly Build Commerzbank Stake
UniCredit SpA Chief Executive Officer Andrea Orcel used Barclays Plc to help quietly build up a stake in Commerzbank AG, a move that has shaken European finance and triggered a backlash from the German government.
UniCredit Ups Ante in Pursuit of Germany’s Commerzbank
The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.
Commerzbank, UniCredit shares fall as Germany plans to keep 12% stake
Shares of Commerzbank traded 3.1% lower on Monday after the government said that it would retain its 12% stake in the German bank for now in a move that will likely keep any merger with Italy's UniCredit on hold.
Barclays, Bank of America Helped Orcel Buy Commerzbank Stake
UniCredit SpA Chief Executive Officer Andrea Orcel used Barclays Plc and Bank of America Corp. to help him quietly build up a stake in Commerzbank AG, a move that has shaken European finance and triggered a backlash from the German government.
Commerzbank warns UniCredit merger is threat to German businesses
Commerzbank’s management has warned the German government that a potential multibillion-euro merger with UniCredit is a threat to businesses that make up the backbone of Europe’s biggest economy.
Germany's Scholz slams UniCredit's 'hostile' move on Commerzbank
UniCredit's attempt to participate in Commerzbank without consultation is an unfriendly act and is not appropriate in Europe and in Germany, German Chancellor Olaf Scholz said on Monday.
Commerzbank Shares Fall 3% as German Government Retains Stake
FRANKFURT (Reuters) - Shares of Commerzbank traded 3.1% lower on Monday after the government said that it would retain its 12% stake in the German bank for now in a move that will likely keep any merger with Italy's UniCredit on hold.
UniCredit boosts its stake in Commerzbank, applies to own up to 29.9% of the German bank
UniCredit announced it had increased its stake in German lender Commerzbank to 21% and submitted a request to boost the holding to up to 29.9%.
UniCredit buys 11.5% of Commerzbank in derivatives, seeks approval for 29.9%
Italy's UniCredit said it had raised its potential stake in Commerzbank to 21% by entering derivatives contracts on Monday to more than double its current holding, in defiance of Germany's opposition to a full takeover.
UniCredit Did a Commerzbank Trade
Swaps, collars, Citi Bike, biblically responsible investing and texting regulators about work.
Italy’s UniCredit Trades Blows With Berlin Over Commerzbank
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
Andrea Orcel, Commerzbank and the redemption trade
After advising on the disastrous break-up of ABN Amro, the banker appears to be positioning UniCredit for a takeover of its ...
Italy Grows Annoyed as Germany Criticizes Moves on Commerzbank
Italian government officials are growing frustrated at Germany’s opposition to a potential takeover of Commerzbank AG by ...
Scholz Condemns UniCredit’s ‘Unfriendly’ Commerzbank Move
Tensions between Germany and UniCredit SpA burst into the open Monday as the government said it opposes a takeover of ...
UniCredit Raises Commerzbank Holding to Around 21%
UniCredit increased its holding in Commerzbank to around 21% through the purchase of additional instruments, the Italian bank ...