New Commerzbank CEO expected to fight a potential UniCredit takeover
Commerzbank on Tuesday announced its new chief executive would be Bettina Orlopp, who is expected to fight a possible takeover of the German bank by Italy’s UniCredit. Orlopp, currently Commerzbank’s chief financial officer, will succeed existing chief executive Manfred Knof “in the near future”, Germany’s second-largest listed lender said.
The German bank named its next CEO on Tuesday. The lender’s board decried a sudden buy-up of stock by Italy’s UniCredit, which may be looking for a cross-border path to take on Wall Street.
Commerzbank's deputy chair voiced opposition on Tuesday to a takeover of the German bank by Italy's UniCredit CRDI.MI.
German Finance Minister Christian Lindner said his government decided to suspend sales of Commerzbank AG shares because ...
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.
By Tom Sims and John O'Donnell FRANKFURT (Reuters) -Commerzbank supervisory board members on Tuesday voiced fierce opposition ...
Commerzbank AG dropped after Germany said it won’t sell any more shares in the lender, a move signaling its opposition to any ...
UniCredit boosts its stake in Commerzbank to 21%, with plans to increase to 29.9%. Analysts believe the move could spur ...
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Victoria Farr BERLIN/FRANKFURT (Reuters) - UniCredit Chief Executive Andrea Orcel has succeeded in uniting Germany's ...
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
The UniCredit-Commerzbank takeover saga not only highlights the clash between cross-border consolidation and national ...
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