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Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells Handelsblatt
A merger of Italy's Unicredit and Germany's Commerzbank would add value for all stakeholders and create a much stronger competitor in the German banking market, Unicredit CEO Andrea Orcel told Handelsblatt in an interview published on Monday.
Exclusive: Unicredit and German government talk after Commerzbank stake purchase, source says
German government officials and UniCredit bankers have held talks after the Italian lender bought its 9% stake in Commerzbank , a German government source said on Friday.
UniCredit's Commerzbank swoop fires up divisive debate in Germany
UniCredit's opening gambit in a takeover play for Commerzbank has rekindled a debate about the future of German banking, prompting Berlin to pause selling shares in the lender and turning the spotlight on Deutsche Bank as a possible rival suitor.
UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights
On Wednesday, UniCredit revealed it had built a 9% stake in Frankfurt-based counterpart Commerzbank. Now speculation has shifted to whether a full takeover of Commerzbank by UniCredit is likely.
Commerzbank, UniCredit shares extend gains as Orcel lays out plans
Commerzbank and UniCredit shares extended gains on Thursday after the Italian bank's CEO Andrea Orcel laid out plans to buy more of its German rival or even take it over, fuelling speculation about further dealmaking in the region.
How UniCredit swept up a stake in Commerzbank in bid to grow in Germany
It was late on Tuesday evening in Europe and investors' suspicions were growing. The German government's efforts to sell Commerzbank shares in a market placement, on the face of it, a simple task, were stalling.
Commerzbank management seeks to remain independent, fend off potential takeover, source says
Commerzbank's board discussed how to keep the German lender independent and explored defense strategies amid a potential bid from UniCredit , a person familiar with the discussions said on Wednesday.
Germany's Commerzbank has a bumpy history with big M&A
UniCredit has approached Commerzbank about exploring merger talks, a source with knowledge of the matter said, after the Italian lender bought 9% of the German bank.
Exclusive: UniCredit CEO approaches Commerzbank to explore merger talks, source says
UniCredit CEO Andrea Orcel approached German lender Commerzbank's management earlier on Wednesday inviting the bank to explore merger talks, a source with knowledge of the matter told Reuters.
Commerzbank shares surge 17.5% as UniCredit buys 4.5% stake from German government
Commerzbank shares surged on Wednesday morning following the announcement that Italian bank UniCredit had acquired a 4.5% stake in the Frankfurt-based lender. The deal, which involved the purchase of 53.1 million shares from the German government, marks a significant step in Berlin's gradual exit from its long-standing stake in Commerzbank.
Commerzbank shares jump 17% after UniCredit buys 4.5% stake from the German government
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 first step in Berlin's exit from its position in the German lender.
Commerzbank shares jump as Italy's UniCredit builds a 9% stake
Commerzbank shares surged on Wednesday after Italy's biggest bank UniCredit bought a minority stake, triggering speculation a full merger could occur.
