UniCredit, Commerzbank
UniCredit defies Germany using derivatives to get 21% Commerzbank stake
Italy's UniCredit defied Germany's defence of Commerzbank by using derivative contracts on Monday to raise its potential stake in the German bank close to 21%, while waiting for regulatory approval to go above 9.
UniCredit Ups Ante in Pursuit of Germany’s Commerzbank
Italy’s UniCredit moved to buy another big chunk of Commerzbank, shrugging off German opposition to a possible takeover and upping the ante in its attempt to create a European banking champion with nearly $1.
Italy's UniCredit boosts stake in Germany's Commerzbank to 21%
Italian bank UniCredit ( OTCPK:UNCFF) ( OTCPK:UNCRY) said Monday it increased its stake in Commerzbank ( OTCPK:CRZBF) ( OTCPK:CRZBY) to around 21% through financial instruments and submitted an application to own up to 29.9% of the German lender.
Germany's Scholz slams UniCredit's 'hostile' move on Commerzbank
UniCredit's attempt to participate in Commerzbank without consultation is an unfriendly act and is not appropriate in Europe and in Germany, German Chancellor Olaf Scholz said on Monday.
Germany Won’t Sell More Commerzbank Shares After UniCredit Takes Stake
Germany’s government will keep its 12% stake in Commerzbank until further notice, after a sale of a portion of its shares to Italy’s UniCredit sparked takeover speculation.
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 Ups Stake In Commerzbank To 21%
Italian lender UniCredit said Monday it has increased its stake in Germany's Commerzbank to around 21 percent.
Italy's Unicredit raises stake in Germany's Commerzbank to 21%
Italy's Unicredit announced on Monday that it has boosted its stake in Commerzbank to around 21% through the purchase of financial instruments relating to 11.5% of the shares in Germany's second-largest bank.
UniCredit buys 11.5% of Commerzbank in derivatives, seeks approval for 29.9%
Italy's UniCredit said it had raised its potential stake in Commerzbank to 21% by entering derivatives contracts on Monday to more than double its current holding, in defiance of Germany's opposition to a full takeover.
UniCredit boosts its stake in Commerzbank, applies to own up to 29.9% of the German bank
UniCredit announced it had increased its stake in German lender Commerzbank to 21% and submitted a request to boost the holding to up to 29.9%.
Berlin warns UniCredit against Commerzbank takeover attempt
German Chancellor Olaf Scholz issued a sharp warning to UniCredit to refrain from "unfriendly" acts Monday after the Italian ...
UniCredit has Germany's trust, won't go hostile on Commerzbank, CEO says
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO ...
Germany's Scholz Warns Against 'Unfriendly' Bank Takeovers
German Chancellor Olaf Scholz warned Monday against "hostile" and "unfriendly" takeovers, after Italy's UniCredit revealed it had significantly raised its stake in German lender Commerzbank.
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UniCredit Raises Commerzbank Holding to Around 21% — Update
Italy's UniCredit increased its holding in Commerzbank to around 21%, pending regulatory approval, in a move that could pit it against resistance in Germany. UniCredit entered into financial ...