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.
The UniCredit-Commerzbank takeover saga not only highlights the clash between cross-border consolidation and national ...
Commerzbank AG dropped after Germany said it won’t sell any more shares in the lender, a move signaling its opposition to any ...
By Tom Sims and John O'Donnell FRANKFURT (Reuters) -Commerzbank supervisory board members on Tuesday voiced fierce opposition ...
Government signals no plans for further share sales amidst UniCredit's surprising move, with Commerzbank focused on staying ...
Independent.ie on MSN13h
UniCredit angers Germany by quietly amassing a stake in CommerzbankThe UK-based lender arranged derivatives linked to Commerzbank for the Italian lender in the weeks before Berlin sold a ...
UNICREDIT chief executive officer Andrea Orcel used Barclays and Bank of America to help him quietly build up a stake in ...
Stefan Wittmann, a member of Commerzbank's supervisory board, on Monday condemned the buildup by UniCredit of its stake in ...
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