Berlin livid as UniCredit tightens its grip on Commerzbank
Things hit fever pitch on Monday after Italy’s UniCredit, led by veteran dealmaker Andrea Orcel, announced out of the blue that it had entered into derivatives transactions that would raise its stake in Germany’s second-largest bank to 21 percent, making it the largest shareholder.
UniCredit's behaviour towards Commerzbank has spurred uncertainty among shareholders, German Finance Minister Christian ...
Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.
The UniCredit-Commerzbank takeover saga not only highlights the clash between cross-border consolidation and national ...
UniCredit on Monday said it’s reached an agreement to further increase its stake in Commerzbank as the German government ...
Italian government officials are growing frustrated at Germany’s opposition to a potential takeover of Commerzbank AG by ...
Deputy Premier and Foreign Minister Antonio Tajani said "there is a free market in Europe", commenting UniCredit's ...
That seems the logic underlying UniCredit’s pursuit of Germany’s Commerzbank. The Italian lender, led by M&A banker turned bank boss Andrea Orcel, has said it would not launch a hostile offer for ...
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