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What UniCredit's $28B Commerzbank bid mean for European banking?
UniCredit has turned its long pursuit of Commerzbank into a formal takeover fight. On Tuesday, the Italian lender said it had launched its €35 billion all-share offer for the German bank just one day after UniCredit shareholders approved the capital increase needed to back the deal.
UniCredit CEO says taking control of Commerzbank ‘not the expected scenario'
UniCredit CEO Andrea Orcel told CNBC that he does not expect the lender to build a big enough stake in Commerzbank to gain full control. The Italian bank is making a takeover bid for German rival Commerzbank, despite pushback in Germany.
UniCredit posts record quarterly profit as it kicks off Commerzbank bid
Italy's UniCredit on Tuesday posted a much higher than expected profit for the first quarter and improved its outlook for the year, as it kicked off a takeover offer for Commerzbank in defiance of strong German opposition to a merger.
Commerzbank plans further job cuts as part of updated strategy, Handelsblatt reports
Commerzbank is planning further job cuts as part of its updated strategy as Italy's UniCredit escalates its advances for a takeover, Handelsblatt reported on Friday, citing sources familiar with the matter.
Commerzbank CEO tells employees no "convincing plan" for UniCredit tie-up
Commerzbank CEO Bettina Orlopp on Wednesday maintained her opposition to a UniCredit takeover, telling employees in a video that management does "not see a convincing combination plan", according to a transcript seen by Reuters.
Silver's fair value is closer to $40, but remains supported by higher gold prices - Commerzbank
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.
UniCredit CEO Orcel on His Pursuit of Commerzbank
UniCredit CEO Andrea Orcel discusses the status of the lender's bid to buy Commerzbank. The Italian bank is already the largest investor in Commerzbank and currently owns just under 30% in it.
UniCredit boss plots Commerzbank shake-up as lender continues its takeover pursuit of German rival
UniCredit unveiled far-reaching plans for a tie-up between the Italian lender and long-term target Commerzbank Monday. A combination of UniCredit and Commerzbank would "propel" the German lender and unlock significant cross-border value and investment firepower, UniCredit CEO Andrea Orcel said.
UniCredit Pushes For Revamp at Commerzbank
The Italian bank—Commerzbank's largest shareholder—outlined the detail of its approach to value creation and described the bank's story as one of operating underperformance.
UniCredit says to outline details for 'Commerzbank transformation' on Monday
UniCredit on Monday will outline the details of "an approach to value creation" for Germany's Commerzbank Commerzbank , the Italian bank said, adding it believed the German lender is insufficiently prepared for future challenges and is overly focused on short-term delivery.
Commerzbank CEO: The growth outlook for Europe has weakened
Commerzbank Chairman and CEO Bettina Orlopp says that the growth outlook for Europe and Germany has weakened Click Here
UniCredit flags risk of losing key staff, clients in a Commerzbank tie-up
Italian bank UniCredit said the uncertainty arising from an integration with Commerzbank could cause employees "with fundamental institutional knowledge" to leave, potentially leading to client loss for both lenders.
