Tag #Commerzbank

Showing 13 to 24 of 42 results

repubblica.it
🌐 75% Global Worthiness
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German Antitrust Authority Approves UniCredit's Increased Stake in Commerzbank

Germany's Bundeskartellamt approved UniCredit's acquisition of up to 29.9% of Commerzbank, following an investigation that considered market competition and alternative financing options for SMEs; the acquisition did not require EU approval.

Progress

36% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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Unicredit's Commerzbank Bid Faces Resistance Amid Job Cuts

Unicredit holds nearly 28% of Commerzbank shares, aiming for a takeover despite opposition from the German government and Commerzbank itself, which is cutting 3,900 jobs while maintaining overall workforce numbers. A decision is delayed until next year.

Progress

52% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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Unicredit's Delayed Commerzbank Takeover Bid

Unicredit holds about 28% of Commerzbank shares, aiming for a takeover despite resistance from Commerzbank's management, labor unions, and the German government, delaying a final decision until next year due to regulatory hurdles and negotiations.

Progress

44% Bias Score

Decent Work and Economic Growth
kathimerini.gr
🌐 85% Global Worthiness
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German Banking Battle: Commerzbank and UniCredit Fight for Mittelstand

UniCredit and Commerzbank are engaged in a marketing battle to win over Germany's Mittelstand businesses amidst UniCredit's attempted acquisition of Commerzbank, with both banks emphasizing their commitment to the sector and Commerzbank highlighting potential customer losses.

Progress

48% Bias Score

Decent Work and Economic Growth
faz.net
🌐 85% Global Worthiness
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Unicredit's Bid for Commerzbank Amidst Record Profits and Political Opposition

Unicredit CEO Andrea Orcel's bid to acquire Commerzbank, despite opposition from German officials, follows Commerzbank's record €2.7 billion profit in 2024 and partial government divestment.

Progress

56% Bias Score

Decent Work and Economic Growth
faz.net
🌐 85% Global Worthiness
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Commerzbank to Cut 3900 Jobs to Counter Unicredit Takeover Bid

Commerzbank, facing a potential takeover by Unicredit, plans to cut 3900 jobs by 2027, primarily in Germany, to increase profitability to \$4.2 billion by 2028 and deter a hostile takeover while maintaining a largely constant global workforce of 36,700.

Progress

40% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 85% Global Worthiness
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Unicredit's Bid for Commerzbank Doubles Share Price, Sparks Political Debate

Unicredit, holding a 9.5% stake and access to an additional 18.5% via derivatives, seeks to acquire Commerzbank, causing its stock price to nearly double to €23.34, despite Commerzbank's rejection. The ECB approved, while the German cartel office investigates, and political figures express concern.

Progress

40% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 85% Global Worthiness
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Unicredit Advances in Commerzbank Takeover Bid

Unicredit's near-30% stake increase in Commerzbank, approved by the ECB, faces review by the German Federal Cartel Office; this follows Unicredit's strategic investment after the German government's partial divestment, resulting in potential merger discussions and internal resistance from Commerzban...

Progress

44% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 85% Global Worthiness
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UniCredit's Commerzbank Stake Faces German Regulatory Scrutiny

UniCredit, an Italian bank, submitted its plans to increase its stake in Commerzbank to Germany's Federal Cartel Office for review, sparking concerns about competition and prompting a rejection from the German government. This follows UniCredit's increase of its shares from 9% to 28% in December, an...

Progress

60% Bias Score

Decent Work and Economic Growth
faz.net
🌐 85% Global Worthiness
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Commerzbank Raises Targets, Announces Job Cuts to Deter Unicredit Takeover

Commerzbank raised profit and efficiency targets, announced 3900 job cuts, and plans to distribute all annual profits until 2028 to increase shareholder value and potentially thwart a Unicredit takeover; its share price increased by over 1% on Thursday.

Progress

40% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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Commerzbank to Cut 3,900 Jobs to Boost Profit, Resist Takeover

Commerzbank announced plans to cut 3,900 jobs by 2027, primarily in Germany, to boost efficiency and counter a potential takeover bid from UniCredit, while aiming for significantly higher profits and shareholder payouts in coming years.

Progress

52% Bias Score

Decent Work and Economic Growth
faz.net
🌐 75% Global Worthiness
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Commerzbank to Cut 3,900 Jobs by 2028 to Counter Unicredit and Boost Profits

Commerzbank will cut 3,900 jobs by 2028, including 3,300 in Germany, primarily in central functions, to counter Unicredit's growing influence and boost profits to €4.2 billion by 2028 while maintaining a roughly constant global workforce of 36,700 through attrition and technology adoption.

Progress

36% Bias Score

Decent Work and Economic Growth

Showing 13 to 24 of 42 results