Germany rejected UniCredit's latest Commerzbank stake increase as an "uncoordinated and unfriendly approach" on Wednesday, strongly rebuking the Italian bank. UniCredit, which angered Berlin when it emerged as Commerzbank's biggest private investor in September,
Germany has reportedly opposed UniCredit's latest attempt to increase its stake in Commerzbank, describing the move as "uncoordinated and unfriendly". This response comes as the Italian banking giant UniCredit increased its potential stake in Germany’s Commerzbank to 28% from the current nearly 21% interest,
German Economy Minister Robert Habeck said he’s concerned about UniCredit SpA’s approach of Commerzbank AG, adding to opposition in Berlin to a potential deal.
UniCredit has since built its exposure to Germany's second-largest bank through derivatives as it awaits regulatory approval to take control of the shares. A large portion of UniCredit's shares ...
The European banking industry has been supposedly on the verge of a flood of mergers and takeovers for at least a decade — and I’ve spent most of those years writing about why it wasn’t going to happen.
Investors are watching whether UniCredit will proceed with a takeover venture of Germany’s Commerzbank or Italian peer Banco BPM.
Germany steps up criticism of UniCredit UniCredit ups Commerzbank stake via derivatives to 28% Seeking authorisation for stake of up to 29.9% UniCredit also trying to buy Italian rival BPM ...
Germany has reportedly opposed UniCredit's latest attempt to increase its stake in Commerzbank, describing the move as "uncoordinated and unfriendly". This response comes as the Italian banking ...
UniCredit has since built its exposure to Germany's second-largest bank through derivatives as it awaits regulatory approval to take control of the shares. A large portion of UniCredit's shares were bought directly from the German government, which sold ...
MILAN/BERLIN (Reuters) -Germany rejected UniCredit's latest Commerzbank stake increase as an "uncoordinated and unfriendly approach" on Wednesday, strongly rebuking the Italian bank. UniCredit ...
Europe's bank M&A scene has been noticeably stagnant for a while, but that could all be about to change next year.
Italy wants UniCredit to disclose full terms of its proposed takeover of smaller rival Banco BPM under "golden power" rules EU governments can use to screen investments in strategic sectors, sources said.