UniCredit Boosts Commerzbank Stake, Eyes Potential Takeover
Italian banking giant UniCredit has increased its stake in German rival Commerzbank from 9% to 21%, signaling a potential move toward a full takeover. UniCredit announced on Monday that the expansion of its stake aims to "unlock" Commerzbank's "substantial value" as the Italian lender continues to increase its influence in the German banking sector.
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 CEO Orcel aims to build Europe's biggest bank Commerzbank says to evaluate all options as shares fall 6% German opposition leader says UniCredit's strategy 'amateur' ECB to rule on ...
Warburg Research analyst Andreas Plaesier maintained a Buy rating on Commerzbank (0RLW – Research Report) today and set a price target of ...
The weakness did not last. Europe's single currency was able to make up for most of the losses quite quickly. Nevertheless, the market's nervousness when it comes to poor euro zone economic data ...
Commerzbank AG slumped as Germany said it won’t sell more shares in the lender. The Stoxx Europe 600 Index was little ...
UniCredit boosts its stake in Commerzbank to 21%, with plans to increase to 29.9%. Analysts believe the move could spur ...
Things hit fever pitch on Monday after Italy’s UniCredit, led by veteran dealmaker Andrea Orcel, announced out of the blue ...
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