Commerzbank AG Sponsored ADR (CRZBY)
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.
UniCredit buys 4.5% Commerzbank stake from German government
Italy's UniCredit bought a stake of nearly 4.5% in Germany's Commerzbank for 702 million euros that was sold by the German government, the German government's finance agency announced on Wednesday.
Germany trims Commerzbank stake; CEO won't seek new term
Commerzbank's chief executive officer Manfred Knof won't seek another term when his contract ends in December 2025, the bank said on Tuesday, as the German government began to sell some of its shares in the lender.
Commerzbank CFO welcomes return to normal with gov't stake reduction
The German government's plans to reduce its stake in Commerzbank after bailing the bank out during the global financial crisis is a positive signal that business is back to normal, its deputy chairwoman told a banking conference on Wednesday.
Deutsche Bank CEO: focus on Deutsche Bank, not on govt stake in Commerzbank
Deutsche Bank Chief Executive Christian Sewing told a banking conference on Wednesday that he was concentrating on Deutsche Bank, not on the German government's plan to reduce its stake in Commerzbank.
Commerzbank sees gold prices consolidating around $2,500 by year-end
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Commerzbank AG (CRZBF) Q2 2024 Earnings Call Transcript
Commerzbank AG (OTCPK:CRZBF) Q2 2024 Results Conference Call August 7, 2024 3:00 AM ET Company Participants Manfred Knof - CEO Bettina Orlopp - CFO Conference Call Participants Benjamin Goy - Deutsche Bank Johannes Thormann - HSBC Kian Abouhossein - JPMorgan Chris Hallam - Goldman Sachs International Tobias Lukesch - Kepler Cheuvreux Vishal Shah - Morgan Stanley Stefan Stalmann - Autonomous Research Anke Reingen - RBC Riccardo Rovere - Mediobanca Borja Ramirez - Citi Jeremy Sigee - BNP Paribas Manfred Knof Good morning, and welcome to our earnings call. Before we start, I would like to make a small personal remark.
