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Commerzbank says no talks with UniCredit until specific offer made
Commerzbank reiterated on Friday that it will not meet with UniCredit for formal discussions until it receives a specific proposal from the Italian bank, which has ruffled feathers in Berlin with its interest in a merger.
Germany's finance minister slams UniCredit's 'very aggressive' bid for Commerzbank
"The behavior of the potential acquirer was very aggressive, very opaque, untransparent," Germany's Jörg Kukies told CNBC of UniCredit's bid for Commerzbank. The move by UniCredit, which is already present in Germany through its HypoVereinsbank branch, has so far enjoyed a cool reception from the fractured Berlin government.
Commerzbank says UniCredit's approach is hostile and unilateral
Commerzbank on Wednesday defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CEO Andrea Orcel saying there had.
Unicredit chief hopes for clarity on Commerzbank plans by end 2025
UniCredit chief Andrea Orcel wants to discuss a planned takeover of Commerzbank with the new German government and hopes for some clarity at the latest by the end of the year, he told German paper FAZ.
Commerzbank explores thousands of job cuts after approach from UniCredit, FT reports
Commerzbank is exploring cutting thousands of jobs as it seeks to fend off an unwanted approach from Italy's UniCredit , the Financial Times reported on Saturday, citing people familiar with the matter.
Commerzbank chairman sees little chance of amicable UniCredit merger, report says
Commerzbank's supervisory board chairman Jens Weidmann said there is little chance for an amicable merger with UniCredit after the Italian bank's surprise purchase of a hefty stake in the German lender, Handelsblatt newspaper reported.
UniCredit CEO says Commerzbank stake, BPM bid tests for Europe's future
UniCredit's CEO Andrea Orcel said his bank's investment in German rival Commerzbank and its bid for smaller domestic peer Banco BPM will test the euro zone's commitment towards greater integration, which is necessary to avoid an economic decline.
Any Commerzbank takeover by UniCredit not subject to investment screening, German government source says
Germany will not subject any potential takeover of Commerzbank by Italy's UniCredit to an investment screening, a German government source said on Thursday.
UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit
Italy's UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives. Investors are watching whether UniCredit will take the leap with a buyout of the German lender or pursue its simultaneous bid for Italy's Banco BPM.
UniCredit raises Commerzbank stake to 28% with further derivatives
Italian bank UniCredit said on Wednesday it had raised its potential stake in Germany's Commerzbank to 28% by signing new derivative contracts.
Commerzbank: How Low Will The ECB Go In 2025 (Rating Upgrade)
Commerzbank relies on net interest income for roughly 70% of its revenue, amplifying the bank's reliance on ECB policy. Q3 2024 results were solid but profitability slipped relative to the prior year as credit costs increased. The German economy is expected to only grow 0.2% in 2025, with parliamentary elections creating near-term uncertainty.
Commerzbank CEO says Europe needs bigger banks, but conditions not right
Commerzbank's CEO said on Wednesday that Europe needed bigger banks to compete with U.S. rivals, but repeated that her own company was better off alone in the face of interest from Italian bank UniCredit.
