Germany's Commerzbank has a bumpy history with big M&A
Commerzbank will hold a first round of talks with UniCredit on Friday as the Italian lender presses for a possible tie-up. Commerzbank has, like some other banks, had a rocky history with big mergers and acquisitions over the years.
UniCredit Flagged Commerzbank Interest to Germany Ahead of Move
UniCredit SpA spoke with German officials about building a stake in Commerzbank AG before Berlin began selling its shares in the firm earlier this month, adding to the confusion around Germany’s position that it was unaware the move would be coming.
Commerzbank to hold first meeting with UniCredit on Friday
Shares in Commerzbank surged more than 5 per cent in morning trading to €16.19, their highest level in more than a decade. Despite the stock gaining close to 30 per cent since UniCredit first disclosed a stake two weeks ago,
Commerzbank CEO To Exit Early After UniCredit Approach
Manfred Knof will step down as Commerzbank CEO earlier than planned, Germany's second biggest lender said Wednesday, amid talk of a potential takeover by Italian rival UniCredit.
Commerzbank to Meet UniCredit Tomorrow for Talks
Commerzbank CEO-designate Bettina Orlopp says she’ll meet with UniCredit on Friday. The Italian lender has a 21% stake in its German rival and said it may consider a takeover bid. Orlopp made the comments at a conference while also pledging to increase profitability and pay out more money in an effort to shore up investor support.
UniCredit says it will not seek Commerzbank board seat
Chief executive Andrea Orcel tells conference ‘all scenarios are open’ after Italian bank built large stake in German rival
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