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The CEO of Commerzbank, who is fending off a potential takeover by UniCredit, criticised the Italian lender's holding on ...
Italy's UniCredit appears to have caught German authorities off guard with a potential multibillion euro merger of Frankfurt-based Commerzbank. Market observers told CNBC on Tuesday that the swoop ...
Germany still owns 12% of Commerzbank. UniCredit is seeking ECB approval to increase its Commerzbank holding just below the 30% which triggers a mandatory takeover under German corporate laws.
Germany’s government decided to keep its stake in Commerzbank CBK 0.68% until further notice, after a sale of a portion of its shares to Italy’s UniCredit UCG -0.09% sparked speculation about ...
In its defensive strategy against takeover ambitions from Italy's Unicredit, Germany's Commerzbank currently has little ...
They warned Germany's second-largest bank would face the same fate as a Bavarian bank HVB, which UniCredit bought in 2005 and subsequently overhauled and scaled back.
The battle for Germany’s Commerzbank CBK 1.43% heated up Monday, with German leader Olaf Scholz and his government rallying to the bank’s defense after Italian suitor UniCredit UCG 1.71% moved ...
Germany must oppose UniCredit takeover of Commerzbank, employees say By Tom Sims and Christian Kraemer September 20, 20248:14 AM PDTUpdated September 20, 2024 ...
Italian lender UniCredit 's "very aggressive, very opaque" bid for Commerzbank has been criticized by Germany's Finance Minister Jörg Kukies, who stressed that hostile takeovers don't usually work.
Deutsche Bank has appointed Michael Diederich as global co-head of its corporate bank. Diederich will join the bank in ...