Tag #Unicredit

Showing 49 to 54 of 54 results

welt.de

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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.

zeit.de

🌐 75% Global Worthiness

Dec 18, 10:11

Unicredit Expands Commerzbank Stake Amidst German Opposition

Unicredit, an Italian bank, increased its stake in Germany's Commerzbank to about 28 percent, primarily through financial instruments, despite the German government's opposition, viewing it as a hostile takeover, raising concerns about potential job cuts.

Unicredit Expands Commerzbank Stake Amidst German Opposition

Unicredit, an Italian bank, increased its stake in Germany's Commerzbank to about 28 percent, primarily through financial instruments, despite the German government's opposition, viewing it as a hostile takeover, raising concerns about potential job cuts.

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What are the underlying causes of the German government's opposition to Unicredit's actions?

Unicredit's increased Commerzbank stake follows a September acquisition of shares previously held by the German government. This expansion, to nearly 28 percent, is strategic; however, Unicredit's claim that it is a mere investment is disputed by German officials who view it as a hostile takeover attempt. This underscores the tension between Unicredit's financial goals and German government's concerns about Commerzbank's future.

euronews.com

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Dec 9, 16:11

Crédit Agricole Boosts Banco BPM Stake, Shares Surge

Crédit Agricole is increasing its stake in Banco BPM from 9.9% to 15.1%, causing Banco BPM shares to rise over 2%—the highest since January 2016—following a rejected takeover bid from UniCredit last month and amid Banco BPM's own expansion efforts, including a bid for Anima Holding and potential mer...

Crédit Agricole Boosts Banco BPM Stake, Shares Surge

Crédit Agricole is increasing its stake in Banco BPM from 9.9% to 15.1%, causing Banco BPM shares to rise over 2%—the highest since January 2016—following a rejected takeover bid from UniCredit last month and amid Banco BPM's own expansion efforts, including a bid for Anima Holding and potential mer...

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What is the immediate market impact of Crédit Agricole's increased stake in Banco BPM?

Banco BPM shares surged over 2% on Monday following Crédit Agricole's announcement of increasing its stake from 9.9% to 15.1%. This is the highest rise since January 2016, exceeding the previous month's rejected €10.1bn bid from UniCredit. The Italian government informally supports Crédit Agricole's move.

faz.net

🌐 75% Global Worthiness

Dec 18, 13:13

Commerzbank Rejects Unicredit Takeover Bid

Commerzbank rejected Unicredit's takeover bid despite Unicredit's 28% stake and application to increase it to 29.9%, citing a desire for independence; labor unions oppose the takeover fearing job losses.

Commerzbank Rejects Unicredit Takeover Bid

Commerzbank rejected Unicredit's takeover bid despite Unicredit's 28% stake and application to increase it to 29.9%, citing a desire for independence; labor unions oppose the takeover fearing job losses.

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What is the immediate impact of Commerzbank's rejection of Unicredit's takeover bid on the German banking sector?

Commerzbank CEO Bettina Orlopp has rejected a takeover bid from Unicredit, stating their intention to remain independent. Unicredit, led by Andrea Orcel, already owns Hypovereinsbank in Germany, fueling concerns within Commerzbank that this is a domestic, not a European, consolidation. Labor unions oppose the takeover, fearing significant job losses.

sueddeutsche.de

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Dec 16, 16:10

Germany Retains Influence in Commerzbank Amidst Potential Unicredit Takeover

Due to a 2008 bailout, Germany retains the right to appoint two non-executive directors to Commerzbank's supervisory board as long as it owns over 10% of the shares; following a partial share sale to Unicredit, Germany now holds 12% and is considering the implications of a potential full takeover by...

Germany Retains Influence in Commerzbank Amidst Potential Unicredit Takeover

Due to a 2008 bailout, Germany retains the right to appoint two non-executive directors to Commerzbank's supervisory board as long as it owns over 10% of the shares; following a partial share sale to Unicredit, Germany now holds 12% and is considering the implications of a potential full takeover by...

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How does Claudia Buch's appointment to Commerzbank's supervisory board influence the bank's strategic direction and future prospects?

Following a partial, accidental sale of its Commerzbank shares to Unicredit, the German government's continued 12% stake allows it to maintain influence in the bank's governance. Unicredit's interest in a potential full takeover raises concerns in Berlin, leading to the government's decision to retain its remaining shares. This situation highlights the complex interplay between government intervention, private investment, and national interests in the banking sector.

cnbc.com

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Dec 6, 10:07

UniCredit Faces Choice Between Two Takeover Bids Amidst Political and Financial Hurdles

UniCredit's CEO Andrea Orcel is pursuing two takeover bids: a stalled bid for Commerzbank (Germany) due to political resistance, and a 10 billion euro offer for Banco BPM (Italy), which was deemed unsatisfactory due to its terms. Analysts say UniCredit can sweeten the Banco BPM bid, but must conside...

UniCredit Faces Choice Between Two Takeover Bids Amidst Political and Financial Hurdles

UniCredit's CEO Andrea Orcel is pursuing two takeover bids: a stalled bid for Commerzbank (Germany) due to political resistance, and a 10 billion euro offer for Banco BPM (Italy), which was deemed unsatisfactory due to its terms. Analysts say UniCredit can sweeten the Banco BPM bid, but must conside...

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What are the immediate implications of UniCredit's dual takeover pursuit for its financial strategy and shareholder value?

UniCredit, led by CEO Andrea Orcel, faces a decision between two acquisition targets: Commerzbank (Germany) and Banco BPM (Italy). Political hurdles in Germany stall the Commerzbank deal, while UniCredit's 10 billion euro offer for Banco BPM faces resistance due to its terms. Analysts suggest UniCredit can improve its Banco BPM bid.

Showing 49 to 54 of 54 results