The government said it won’t offload any additional shares in the bank following the sale to UniCredit for €702 million. The ...
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(Bloomberg) -- The German government has started an internal probe into its Commerzbank AG share sale after the transaction allowed UniCredit SpA to swoop in and take a major stake in the lender.
The German Finance Ministry is sticking to a plan to sell off its entire stake in Commerzbank AG despite UniCredit SpA’s move to buy all the shares offered last week, according to people ...
Commerzbank AG Chief Executive Officer Manfred Knof said he’ll study any proposals coming from UniCredit AG after the Italian lender bought a stake and said it wants to play an active role in ...
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The recent sale of Commerzbank shares to UniCredit has failed on both counts, offering a textbook example of how not to create price tension in a capital markets offering. The €700mn disposal of ...
FRANKFURT, Sept 18 (Reuters) - Commerzbank (CBKG.DE), opens new tab is poised to put CFO Bettina Orlopp in charge of talks with UniCredit (CRDI.MI), opens new tab when the German bank's ...
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. ...
Decided against unsolicited bid and won't consider it Could just sell Commerzbank stake at a profit Believes UniCredit's approach was welcome UniCredit CEO Andrea Orcel told Italian daily Il ...