UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say
UniCredit will seek ECB clearance to potentially buy up to 30% of Commerzbank, three people close to the matter said, in order to have the "flexibility" the Italian bank's CEO Andrea Orcel said he needs to plan his next move.
By Tom Sims and Christian Kraemer FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on ...
Commerzbank AG’s labor representatives are “bitterly determined” to prevent a merger with Italian rival UniCredit SpA, warning that two-thirds of the jobs at the German lender could be cut in a ...
Commerzbank AG Chief Executive Officer Manfred Knof said he’ll study any proposals coming from UniCredit AG after the Italian ...
FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a ...
FRANKFURT (Reuters) -Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank's ...
If UniCredit is close to acquiring Commerzbank, it’s not just the result of a quick and crafty deal in the equities ...
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO ...
UniCredit SpA has demonstrated at its existing German unit that it can cut costs in the country, which bodes well for its ...
The CEO of Italian lender UniCredit ruled out a takeover bid for Germany's Commerzbank in an interview published Thursday, but confirmed he was seeking central bank permission to increase its stake to ...
UniCredit's investment in German rival Commerzbank is consistent with an "excellent" geographic diversification strategy, the ...
A reverse takeover of Commerzbank, through which it would buy UniCredit's German unit HypoVereinsbank--making the Italian lender its largest shareholder--would tick a number of boxes, RBC Capital ...
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