Tag #Italian Banking

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repubblica.it

🌐 85% Global Worthiness

Dec 31, 04:07

Italy Blocks Orcel's Banco BPM Bid, Citing Sovereignty Concerns

The Italian government is using its 'golden power' to impede Andrea Orcel's takeover bid for Banco BPM, fearing the concentration of Italian savings with French entities and reduced credit to SMEs, viewing this as a threat to national sovereignty.

Italy Blocks Orcel's Banco BPM Bid, Citing Sovereignty Concerns

The Italian government is using its 'golden power' to impede Andrea Orcel's takeover bid for Banco BPM, fearing the concentration of Italian savings with French entities and reduced credit to SMEs, viewing this as a threat to national sovereignty.

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What are the primary concerns driving the Italian government's efforts to block Orcel's takeover bid for Banco BPM?

The Italian government is actively working to block Andrea Orcel's takeover bid for Banco BPM, citing concerns about national sovereignty and the potential impact on Italian SMEs. They are gathering data to strengthen their case using the 'golden power' law, focusing on the implications for Italian savings managed by French entities and the potential reduction in credit to SMEs.

welt.de

🌐 85% Global Worthiness

Dec 18, 10:11

Unicredit Expands Commerzbank Stake to 28 Percent Amidst German Government Opposition

Unicredit increased its stake in Commerzbank to about 28 percent, exceeding its previous holdings significantly, aiming for 29.9 percent, which prompted criticism from the German government.

Unicredit Expands Commerzbank Stake to 28 Percent Amidst German Government Opposition

Unicredit increased its stake in Commerzbank to about 28 percent, exceeding its previous holdings significantly, aiming for 29.9 percent, which prompted criticism from the German government.

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What is the immediate impact of Unicredit's increased stake in Commerzbank, and what are the implications for the German banking sector?

Unicredit, an Italian bank, has increased its stake in Commerzbank to approximately 28 percent, with about 18.5 percent held through financial instruments. This move aligns with Unicredit's goal of reaching a 29.9 percent stake and reflects confidence in the German banking sector.

Showing 13 to 14 of 14 results