Dec 18, 2024 · Today UniCredit has entered into new financial instruments relating to Commerzbank shares, in line with its previously stated ambition to reach a 29.9% stake. UniCredit's overall position now totals circa 28%, of which 9.5% through a direct stake and circa 18.5% through derivative instruments.

3 days ago · UniCredit poised to pounce on Commerzbank German bank attempts to rebuff unwanted advance CEO to outline plan of action Plans include staff cuts and new targets Four of them said, however, the ...

Oct 2, 2024 · Andrea Orcel stunned Germany last week by raising UniCredit’s stake in Commerzbank from 9 per cent to 21 per cent in a manoeuvre that mirrored tactics made notorious in hostile takeover battles...

Dec 18, 2024 · UniCredit has raised its exposure to Commerzbank to 28 per cent, as the Italian lender escalated its pursuit of the German bank at the same time as going after domestic rival Banco BPM.

Oct 3, 2024 · UniCredit’s acquisition of a 21% stake in Commerzbank is a significant move in the European banking landscape, reflecting both the opportunities and challenges of cross-border consolidation. While the acquisition positions UniCredit for growth in Germany, it also raises questions about future regulatory scrutiny and the potential for a full ...

Sep 23, 2024 · UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%. The Italian bank acquired the...

Sep 16, 2024 · A merger of UniCredit and Commerzbank could add value for all stakeholders and create a stronger bank, UniCredit CEO Andrea Orcel told a German newspaper on Monday, adding a decision was in the...

Sep 12, 2024 · Shares of Commerzbank, Germany's second-largest bank, surged 17% following news that the Italian lender UniCredit had acquired a 9% stake in the bank on Wednesday. The acquisition price was...

2 days ago · Commerzbank guided for a net result of 4.2 billion euros ($4.36 billion) by 2028 with 14.2 billion euros in revenue, drawing on a boost to income from fees to offset slowing growth in net interest ...

Oct 28, 2024 · UniCredit, because it already has a presence in Germany from a previous acquisition, is the only bank apart from Commerzbank’s larger rival, Deutsche Bank, “that can create value through an integration with Commerzbank,” Messina …