(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.
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 ...
MILAN, Sept 18 (Reuters) - UniCredit's investment in German rival Commerzbank is consistent with an "excellent" geographic diversification strategy, the chief executive of Italy's top lender ...
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 ...
UniCredit SpA has demonstrated at its existing German unit that it can cut costs in the country, which bodes well for its potential plans for Commerzbank AG, analysts at KBW wrote in a note.
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 ...
Commerzbank AG (DE:CBK) shares rallied yesterday after its Italian counterpart UniCredit S.p.A (IT:UCG) acquired a 9% stake in the German lender. This includes a 4.5% stake bought from the open ...
UniCredit CEO Approaches Commerzbank About Merger After Share Swoop, Source Says By John O'Donnell, Valentina Za and Tom Sims FRANKFURT/MILAN (Reuters) -UniCredit's CEO approached Commerzbank ...
FRANKFURT (Reuters) - 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 ...
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