UniCredit enters into additional instruments relating to Commerzbank …
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.
UniCredit increases stake in Commerzbank, nears mandatory bid …
Dec 18, 2024 · On Wednesday, UniCredit announced it had acquired additional financial contracts tied to Commerzbank shares as part of its ongoing process to increase its stake to as much as 29.9%.
Orcel Aims to Calm UniCredit Germany Staff Over Commerzbank …
19 hours ago · (Bloomberg) -- UniCredit SpA Chief Executive Officer Andrea Orcel touted the benefits of a combination with Commerzbank AG to the Italian bank’s staff in Germany, indicating that a deal wouldn ...
Where UniCredit-Commerzbank is now, from 4 angles
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 …
UniCredit CEO approaches Commerzbank about merger after …
Sep 11, 2024 · UniCredit's CEO approached Commerzbank about exploring merger talks on Wednesday, a source with knowledge of the matter said, after Italy's second-largest bank bought a 9% stake in the German...
Anatomy of a trade: how UniCredit built its Commerzbank stake
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...
UniCredit boosts its stake in Commerzbank, applies to own up to …
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...
UniCredit, Commerzbank merger could add shareholder value, …
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...
Commerzbank shares surge after UniCredit's latest stake …
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...
UniCredits Stake In Commerzbank: A Closer Look At The Strategy …
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 ...