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 to hold onto Commerzbank stake as lender aims for independence
Germany will not sell any more shares in Commerzbank for now and the bank's strategy is "geared towards independence," the country's Finance Agency said on Friday, in the clearest sign yet that the government doesn't currently favour a takeover of the nation's No.
Gobierno alemán no venderá más acciones de Commerzbank por ahora
El gobierno alemán decidió no vender más acciones de Commerzbank AG por el momento. “En su reunión del 20 de septiembre, el comité directivo interministerial responsable de las decisiones clave del Fondo de Estabilización del Mercado Financiero decidió que el FMS no venderá,
German Government Decides Not to Sell Any More Shares in Commerzbank for Now
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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 Govt Won't Sell More Commerzbank Shares 'For Time Being'
The German government said Friday it had decided not to sell off any more of its Commerzbank shares "for the time being", after Italy's UniCredit unexpectedly built up a nine-percent stake in the German lender.
Germany to retain Commerzbank shares as bank strives for independence
Germany has made it clear that it will hold onto its remaining shares in Commerzbank for the foreseeable future, affirming that the bank’s strategy remains focused on maintaining its independence. This was confirmed by Germany’s Finance Agency on Friday,
German union appeals to Berlin to prevent Commerzbank sale to UniCredit
A German bank staff union on Thursday called on Berlin to prevent UniCredit from buying Commerzbank , warning of massive job ...
Commerzbank Stake Sale Drives New Wedge in Scholz Coalition
The German government’s decision to offload about a quarter of its holding in Commerzbank AG is driving another wedge into ...
Exclusive-Commerzbank Poised to Put CFO Orlopp in Charge of Talks With UniCredit, Sources Say
FRANKFURT (Reuters) -Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank's ...
Explainer: ECB's role in any UniCredit and Commerzbank combination
UniCredit, Italy's second-largest bank, has taken a 9% stake in Germany's Commerzbank and is seeking permission to ...
Commerzbank Reverse Takeover Option Could Address Some Issues -- Market Talk
A reverse takeover of Commerzbank, through which it would buy UniCredit's German unit HypoVereinsbank--making the Italian lender its largest shareholder--would tick a number of boxes, RBC Capital ...
Commerzbank Still Isn’t Right for Deutsche Bank
Since Italy’s UniCredit SA put Commerzbank AG in play, Deutsche Bank AG needs to consider its options. A takeover bid for its ...
Commerzbank to provide bitcoin, ether trading to German corporate clients
Discover how Commerzbank is expanding its services to offer bitcoin and ether trading to corporate clients in Germany, along ...
Commerzbank Labor Union ‘Bitterly’ Opposes Any Unicredit Merger
Commerzbank AG’s labor representatives are “bitterly determined” to prevent a merger with Italian rival UniCredit SpA, warning that two-thirds of the jobs at the German lender could be cut in a ...
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ECB has no grounds to block UniCredit's higher Commerzbank stake: Federated Hermes
Filippo Alloatti, head of financials in the credit team at Federated Hermes, discusses Italian bank UniCredit's request to raise its stake in Commerzbank.