The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.
Italian bank UniCredit ( OTCPK:UNCFF) ( OTCPK:UNCRY) said Monday it increased its stake in Commerzbank ( OTCPK:CRZBF) ( OTCPK ...
Italy's UniCredit defied Germany's defence of Commerzbank by using derivative contracts on Monday to raise its potential ...
Shares of Commerzbank traded 3.1% lower on Monday after the government said that it would retain its 12% stake in the German ...
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO ...
The government said it won’t offload any additional shares in the bank following the sale to UniCredit for €702 million. The ...
UniCredit SpA has demonstrated at its existing German unit that it can cut costs in the country, which bodes well for its ...
German Chancellor Olaf Scholz warned against a "hostile takeover" of Commerzbank, after Italy's UniCredit revealed it had ...
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
Italian bank says purchase will complete only once it receives regulatory approval to increase holding from 9% ...
German Chancellor Olaf Scholz issued a sharp warning to UniCredit to refrain from "unfriendly" acts Monday after the Italian ...
The UniCredit-Commerzbank takeover saga not only highlights the clash between cross-border consolidation and national ...