Tag #Commerzbank

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zeit.de

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Sep 17, 13:19

Unicredit Increases Commerzbank Stake to 29%, Faces Potential Takeover Bid

Unicredit, now Commerzbank's largest shareholder, has increased its stake to 29%, prompting concerns in Germany about a potential hostile takeover, while Commerzbank remains focused on its independent growth strategy.

Unicredit Increases Commerzbank Stake to 29%, Faces Potential Takeover Bid

Unicredit, now Commerzbank's largest shareholder, has increased its stake to 29%, prompting concerns in Germany about a potential hostile takeover, while Commerzbank remains focused on its independent growth strategy.

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What is the immediate impact of Unicredit's increased stake in Commerzbank?

Unicredit's acquisition of a 29% stake in Commerzbank elevates it to the position of the largest shareholder, surpassing even the German government's holding. This triggers speculation about a potential full takeover bid, as regulations require an offer to other shareholders if the 30% threshold is surpassed.

zeit.de

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Aug 28, 10:21

Commerzbank Warns Against Unicredit Takeover Amidst Government Opposition

Commerzbank's deputy CEO warned against a potential takeover by Unicredit, citing conflicts of interest and the German government's opposition. Unicredit holds 26% of Commerzbank shares, and exceeding 30% would trigger a mandatory bid. Commerzbank is committed to maintaining its independence.

Commerzbank Warns Against Unicredit Takeover Amidst Government Opposition

Commerzbank's deputy CEO warned against a potential takeover by Unicredit, citing conflicts of interest and the German government's opposition. Unicredit holds 26% of Commerzbank shares, and exceeding 30% would trigger a mandatory bid. Commerzbank is committed to maintaining its independence.

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What are the immediate consequences of Unicredit's pursuit of Commerzbank, and what is the significance for the German financial market?

Commerzbank's Deputy CEO, Michael Kotzbauer, warned against a potential takeover by Italy's Unicredit, citing Unicredit's apparent interest in a lower Commerzbank share price and its direct competition with Commerzbank through its Hypovereinsbank subsidiary. This creates several conflicts of interest, according to Kotzbauer.

welt.de

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Aug 6, 10:19

Commerzbank Raises 2025 Profit Target Amidst Unicredit Takeover Bid

Commerzbank's Q2 2024 profit reached €462 million, exceeding analyst expectations despite restructuring costs and a takeover defense against Unicredit, prompting a €2.5 billion 2025 profit target increase. The bank is cutting 3,900 jobs while simultaneously creating others and repurchasing shares.

Commerzbank Raises 2025 Profit Target Amidst Unicredit Takeover Bid

Commerzbank's Q2 2024 profit reached €462 million, exceeding analyst expectations despite restructuring costs and a takeover defense against Unicredit, prompting a €2.5 billion 2025 profit target increase. The bank is cutting 3,900 jobs while simultaneously creating others and repurchasing shares.

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How is Commerzbank's response to Unicredit's takeover attempt impacting its financial strategies and workforce restructuring plans?

The unexpectedly strong performance stems from a 13.2% year-on-year increase in Q2 revenue to over €3 billion, driven by robust growth in both interest and commission income. Despite a slight decrease in net interest income, the substantial rise in commission income offset this decline, contributing to the overall positive financial outcome. This success comes amidst a backdrop of job cuts and a takeover defense against Unicredit.

zeit.de

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May 15, 13:10

Commerzbank Rejects Unicredit Takeover Bid Amidst Employee Protests

Commerzbank employees and representatives protested a potential hostile takeover by Unicredit at their annual meeting in Wiesbaden, Germany, amid concerns about job losses and the German government's support for Commerzbank's independence.

Commerzbank Rejects Unicredit Takeover Bid Amidst Employee Protests

Commerzbank employees and representatives protested a potential hostile takeover by Unicredit at their annual meeting in Wiesbaden, Germany, amid concerns about job losses and the German government's support for Commerzbank's independence.

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How does the German government's stake in Commerzbank influence Unicredit's strategy and the overall situation?

Unicredit, now Commerzbank's second-largest shareholder with about 28 percent, is considering a takeover but hasn't made a formal offer. The German government, holding over 12 percent of Commerzbank shares, supports Commerzbank's independence, viewing it as a systemically important bank. Commerzbank aims to maintain its independence through job cuts and increased profits.

welt.de

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May 15, 13:10

Commerzbank Defends Against Unicredit Takeover Bid

Amidst protests from employees and shareholders, Unicredit's potential takeover of Commerzbank faces strong opposition, with the German government and Commerzbank's management emphasizing the importance of maintaining its independence.

Commerzbank Defends Against Unicredit Takeover Bid

Amidst protests from employees and shareholders, Unicredit's potential takeover of Commerzbank faces strong opposition, with the German government and Commerzbank's management emphasizing the importance of maintaining its independence.

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How do the German government's stance and Commerzbank's internal strategies affect Unicredit's potential takeover bid?

Unicredit, now Commerzbank's second-largest shareholder with approximately 28 percent, has yet to make a formal takeover offer, despite expressing willingness to wait until 2027. Their decision hinges on discussions with the new German government, Commerzbank's management cooperation, and the bank's financial performance.

welt.de

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May 9, 13:19

Commerzbank's Strong Q1 Earnings Bolster Defense Against Unicredit Takeover

Commerzbank announced record Q1 2024 earnings of €834 million, exceeding expectations despite job cuts and countering Unicredit's takeover attempt; the bank projects a full-year profit of approximately €2.4 billion.

Commerzbank's Strong Q1 Earnings Bolster Defense Against Unicredit Takeover

Commerzbank announced record Q1 2024 earnings of €834 million, exceeding expectations despite job cuts and countering Unicredit's takeover attempt; the bank projects a full-year profit of approximately €2.4 billion.

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What is the significance of Commerzbank's Q1 2024 earnings in relation to Unicredit's takeover bid?

The Commerzbank reported its best quarterly earnings since early 2011, reaching €834 million in Q1 2024, exceeding last year's €747 million. This strong performance offset job cuts and increased personnel costs, exceeding expectations despite decreased interest income. The bank anticipates a full-year profit of around €2.4 billion, or €2.8 billion excluding restructuring charges.

repubblica.it

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Sep 3, 13:20

Commerzbank CEO Orlopp Rules Out Unicredit Acquisition; Italy's PMI Rises; Economists Defend Fed Governor Cook; UBS Holds Potential MPS Stake

Commerzbank CEO Bettina Orlopp rejected a potential acquisition by Unicredit, while Italy's PMI composite index rose to 51.7 in August, and 593 economists defended Federal Reserve Governor Lisa Cook against removal attempts; UBS holds a 5.07% potential stake in Banca Monte dei Paschi di Siena.

Commerzbank CEO Orlopp Rules Out Unicredit Acquisition; Italy's PMI Rises; Economists Defend Fed Governor Cook; UBS Holds Potential MPS Stake

Commerzbank CEO Bettina Orlopp rejected a potential acquisition by Unicredit, while Italy's PMI composite index rose to 51.7 in August, and 593 economists defended Federal Reserve Governor Lisa Cook against removal attempts; UBS holds a 5.07% potential stake in Banca Monte dei Paschi di Siena.

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How did Italy's PMI perform in August 2025, and what factors contributed to the result?

Italy's composite PMI rose to 51.7 in August 2025, up from 51.5 in July, marking a three-month high. This growth was driven by a recovery in the manufacturing sector (50.4 vs. 49.8), offsetting a smaller expansion in services (51.5 vs. 52.3). New business inflows accelerated, reaching a 16-month high, mainly fueled by the service sector.

sueddeutsche.de

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Aug 25, 13:20

Unicredit Increases Commerzbank Stake, Sparking Takeover Speculation

Unicredit boosted its Commerzbank shareholding to around 26 percent, potentially triggering a takeover bid if it reaches 30 percent; this move is met with resistance from the German government and Commerzbank, raising concerns about job losses and branch closures.

Unicredit Increases Commerzbank Stake, Sparking Takeover Speculation

Unicredit boosted its Commerzbank shareholding to around 26 percent, potentially triggering a takeover bid if it reaches 30 percent; this move is met with resistance from the German government and Commerzbank, raising concerns about job losses and branch closures.

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What is the immediate impact of Unicredit's increased stake in Commerzbank?

Unicredit, an Italian bank, increased its stake in Commerzbank, Germany's second-largest private bank, to approximately 26 percent. Unicredit plans to convert remaining financial instruments into Commerzbank shares, potentially reaching a 29 percent stake. This move could trigger a mandatory takeover bid if the 30 percent threshold is crossed.

faz.net

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May 15, 19:11

Commerzbank Shareholders Reject Unicredit Takeover Bid

At Commerzbank's annual general meeting, CEO Bettina Orlopp addressed shareholder concerns regarding a potential Unicredit takeover, emphasizing the bank's positive outlook and new strategy, while employees protested fearing job losses; a social plan has been agreed to mitigate these.

Commerzbank Shareholders Reject Unicredit Takeover Bid

At Commerzbank's annual general meeting, CEO Bettina Orlopp addressed shareholder concerns regarding a potential Unicredit takeover, emphasizing the bank's positive outlook and new strategy, while employees protested fearing job losses; a social plan has been agreed to mitigate these.

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What are the immediate impacts of Unicredit's potential acquisition bid on Commerzbank's employees and strategy?

Commerzbank's CEO, Bettina Orlopp, addressed 595 shareholders at the annual general meeting, facing potential acquisition by Unicredit. Around 100 employees protested the takeover, fearing job losses, while management and the Verdi union emphasized the bank's positive trajectory and a new strategy aiming for 15% profitability by 2028. A social plan was signed to mitigate job cuts from planned restructuring.

sueddeutsche.de

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May 15, 13:10

Commerzbank Shareholders Reject Unicredit Takeover Bid

Commerzbank's shareholders and employees strongly protested Unicredit's potential takeover bid at their annual meeting in Wiesbaden, Germany, with concerns over job losses and the bank's future; Unicredit's CEO stated they could wait until 2027 to decide, contingent on the German government's stance...

Commerzbank Shareholders Reject Unicredit Takeover Bid

Commerzbank's shareholders and employees strongly protested Unicredit's potential takeover bid at their annual meeting in Wiesbaden, Germany, with concerns over job losses and the bank's future; Unicredit's CEO stated they could wait until 2027 to decide, contingent on the German government's stance...

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How does the German government's stake in Commerzbank and its stance on the takeover influence the situation?

Unicredit, now Commerzbank's second-largest shareholder with over 28% stake, hasn't made a formal takeover offer. Their decision hinges on discussions with the new German government, Commerzbank's management cooperation, and the bank's financial performance. The German government, owning over 12% of Commerzbank, advocates for its independence.

faz.net

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May 14, 16:10

Commerzbank Share Price Surge Triggers Takeover Battle with Unicredit

Commerzbank's share price has surged to €26.20 this week, nearing the German government's average purchase price after a 2008 bailout, prompting a takeover battle with Unicredit, which has acquired nearly 30% of the bank's shares.

Commerzbank Share Price Surge Triggers Takeover Battle with Unicredit

Commerzbank's share price has surged to €26.20 this week, nearing the German government's average purchase price after a 2008 bailout, prompting a takeover battle with Unicredit, which has acquired nearly 30% of the bank's shares.

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How did the German government's Commerzbank investment evolve from 2008 to the present, including key transactions and their financial outcomes?

The German government's initial €18.2 billion bailout of Commerzbank in 2008/2009 involved a mix of equity and silent participation. After several transactions, including a loss-making share sale in 2013, the government retained a 16.5% stake with an average purchase price of €26.40. The recent share price surge nears this price, signifying a potential recovery of the government's investment.

faz.net

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Apr 15, 19:16

German Cartel Office Approves Unicredit's Increased Commerzbank Stake

Germany's Bundeskartellamt approved Unicredit's plan to increase its stake in Commerzbank to 29.99%, citing sufficient competition from other banks despite Commerzbank's strong market positions in some areas; the decision follows ECB approval and despite resistance from the German government.

German Cartel Office Approves Unicredit's Increased Commerzbank Stake

Germany's Bundeskartellamt approved Unicredit's plan to increase its stake in Commerzbank to 29.99%, citing sufficient competition from other banks despite Commerzbank's strong market positions in some areas; the decision follows ECB approval and despite resistance from the German government.

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What is the immediate impact of the Bundeskartellamt's decision on the competitive landscape of the German banking sector?

The German Federal Cartel Office (Bundeskartellamt) approved Unicredit's increase of its Commerzbank stake to 29.99%, concluding that the merger wouldn't significantly harm competition. This follows prior approval from the ECB. Unicredit currently holds 9.5% but secured access to additional shares through derivatives and partner banks.

Showing 1 to 12 of 42 results