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.
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO ...
Commerzbank has, like some other banks, had a rocky history with big mergers and acquisitions over the years. The bank was ...
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 ...
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
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