Commerzbank Speeds Up Planning Amid Potential UniCredit Bid
WEB1 day ago · October 7, 2024 at 5:10 AM PDT. Translate. Commerzbank AG has accelerated strategic planning as it seeks to prepare for a potential takeover offer from rival UniCredit SpA. “Normally, we would ...
Commerzbank Speeds Up Planning Amid Potential UniCredit Bid
WEB1 day ago · Commerzbank is working to shore up investor support after UniCredit last month unveiled a large stake and said a takeover is an option. Orlopp previously presented new financial targets for the ...
Commerzbank's new CEO vows to fight UniCredit takeover
WEB1 day ago · Commerzbank’s new CEO Bettina Orlopp said she will resist a UniCredit takeover, warning it would harm the German bank’s credit rating and result in significant customer losses.
Commerzbank Speeds up New Strategy Amid Potential UniCredit …
WEB1 day ago · Arno Schütze. Commerzbank AG has accelerated its strategic planning and started work on its financial goals for the period after 2027, as it seeks to prepare for a potential takeover offer from rival UniCredit SpA. A merger would take years to implement, so it’s important to be able to compare such a scenario with a medium to long-term ...
UniCredit boosts its stake in Commerzbank, applies to own up to …
WEBSep 23, 2024 · Shares of Commerzbank closed around 6% lower Monday, while UniCredit shares slipped 3%. VIDEO 02:59. UniCredit’s bid for Commerzbank is next ‘logical step’ for the bank’s strategy: analyst. The...
Commerzbank warns UniCredit merger is threat to German …
WEBSep 23, 2024 · Commerzbank’s management has warned the German government that a potential multibillion-euro merger with UniCredit is a threat to businesses that make up the backbone of Europe’s biggest economy.
Commerzbank board member warns of job losses with hostile …
WEBSep 24, 2024 · Commerzbank board member warns of significant job losses with a hostile UniCredit takeover. Economist and former European Central Bank Governor Mario Draghi flagged in a recent report that banks ...
Commerzbank shares up after UniCredit buys stake from German …
WEBSep 11, 2024 · Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government. The stake acquisition marks the...
UniCredit CEO approaches Commerzbank about merger after …
WEBFRANKFURT/MILAN, Sept 11 (Reuters) - UniCredit's (CRDI.MI) CEO approached Commerzbank about exploring merger talks on Wednesday, a source with knowledge of the matter said, after Italy's...
Berlin blindsided after JPMorgan asked UniCredit to bid for Commerzbank …
WEBSep 16, 2024 · Opposition politicians riled by top government officials caught unaware of talks with Italian lender. JPMorgan Chase bankers who advised the German government on the 4.5% stake sale in...