UniCredit Escalates Commerzbank Fight With Surprise Stake Boost
UniCredit SpA Chief Executive Officer Andrea Orcel moved to more than double the lender’s stake in Commerzbank AG, in a dramatic development that’s likely to escalate tensions with the German government.
Germany Backs Independent Commerzbank as Orcel Boosts Stake
Tensions between Germany and UniCredit SpA burst into the open Monday as the government said it opposes a takeover of Commerzbank AG while the Italian lender moved to raise its stake.Most Read from BloombergThe Moonshot Plan to Eliminate Deaths on America’s RoadsUnlocking the Hidden Power of Zoning,
UniCredit raises stake in Commerzbank to 21%, seeks approval to increase holding to 29.9%
UniCredit boosts its stake in Commerzbank to 21%, with plans to increase to 29.9%. Analysts believe the move could spur further European banking consolidation.
UniCredit eleva sorpresivamente su participación en Commerzbank
El director ejecutivo de UniCredit SpA, Andrea Orcel, sorprendió al mercado al duplicar con creces la participación del banco que dirige en Commerzbank AG, una maniobra que probablemente aumente las tensiones con el gobierno alemán.
UniCredit Ups Ante in Pursuit of Germany’s Commerzbank
The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.
UniCredit reaches deal to boost Commerzbank stake
UniCredit on Monday said it’s reached an agreement to further increase its stake in Commerzbank as the German government increasingly attempts to ward off an Italian acquisition of its number-two bank.
UniCredit lifts stake in Commerzbank to 21%
Italian bank says purchase will complete only once it receives regulatory approval to increase holding from 9%
UniCredit Raises Commerzbank Holding to Around 21%
The Italian lender had earlier disclosed a 9% stake in its German peer, reviving speculation that it could pursue a tie-up.
Andrea Orcel, Commerzbank and the redemption trade
After advising on the disastrous break-up of ABN Amro, the banker appears to be positioning UniCredit for a takeover of its ...
Banking’s Ultimate Dealmaker Orcel Runs Into German Resistance
Andrea Orcel’s audacious move on Commerzbank AG caught many in Germany unawares. On Friday, Berlin hit back.
Analysis-UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet
For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking ...
The Suave Italian Banker Who Wants to Be the Jamie Dimon of Europe
Andrea Orcel has teed up UniCredit for a potential takeover of rival Commerzbank. He wants to build something Europe lacks—a ...
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Andrea Orcel's Bold Move: Breaking Down Barriers in European Banking
Andrea Orcel, UniCredit's CEO, aims to break European political resistance to cross-border mergers through a bold stake in Commerzbank. Orcel's efforts may face obstacles from national politics and ...
UniCredit’s Andrea Orcel swoops on Commerzbank
Italian lender’s purchase of 9% stake in German rival could signal start of long-awaited banking consolidation ...
Orcel’s Surprise Swoop on Commerzbank Was Long in the Making
This summer, the German government appeared ready to finally reduce its stake in Commerzbank AG. It was a moment Andrea Orcel ...
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 ...