Germany to Keep Commerzbank Shares
Germany must oppose UniCredit takeover of Commerzbank, employees say
By Tom Sims and Christian Kraemer FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a takeover of the German lender by Italy's UniCredit as workers fear massive job losses if a deal goes through.
Germany to Keep Commerzbank Shares After UniCredit Takes Stake
The government said it won’t offload any additional shares in the bank following the sale to UniCredit for €702 million. The move marks an U-turn for the government.
UniCredit May Repeat Germany Cost Cuts at Commerzbank, KBW Says
UniCredit SpA has demonstrated at its existing German unit that it can cut costs in the country, which bodes well for its potential plans for Commerzbank AG, analysts at KBW wrote in a note.
Germany must oppose UniCredit takeover of Commerzbank, bank employees and union warn
FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a takeover of the German lender by Italy's UniCredit. The joint statement from the Commerzbank works council and the Verdi union marks the starkest opposition yet by employee representatives of a possible tie-up between the two banks.
Commerzbank Labor Union ‘Bitterly’ Opposes Any Unicredit Merger
Commerzbank AG’s labor representatives are “bitterly determined” to prevent a merger with Italian rival UniCredit SpA, warning that two-thirds of the jobs at the German lender could be cut in a takeover.
Italy's UniCredit CEO Rules Out Commerzbank Takeover Bid
The CEO of Italian lender UniCredit ruled out a takeover bid for Germany's Commerzbank in an interview published Thursday, but confirmed he was seeking central bank permission to increase its stake to 29.
Germany to hold onto Commerzbank stake as lender aims for independence
Germany will not sell any more shares in Commerzbank for the time being and the bank's strategy is "geared towards independence," the country's Finance Agency said on Friday. The statement comes days
Germany Investigates Its Own Handling of Commerzbank Stake Sale
The German government has started an internal probe into its Commerzbank AG share sale after the transaction allowed UniCredit SpA to swoop in and take a major stake in the lender.
UniCredit has Germany's trust, won't go hostile on Commerzbank, CEO says
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO ...
Commerzbank CEO Says He Will Study UniCredit’s Strategy Ideas
Commerzbank AG Chief Executive Officer Manfred Knof said he’ll study any proposals coming from UniCredit AG after the Italian ...
Exclusive-Commerzbank Poised to Put CFO Orlopp in Charge of Talks With UniCredit, Sources Say
FRANKFURT (Reuters) -Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank's ...
Intesa CEO says Commerzbank move makes sense for UniCredit, but we're different
UniCredit's investment in German rival Commerzbank is consistent with an "excellent" geographic diversification strategy, the ...
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How UniCredit became a real contender for Commerzbank
If UniCredit is close to acquiring Commerzbank, it’s not just the result of a quick and crafty deal in the equities ...
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UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say
UniCredit will seek ECB clearance to potentially buy up to 30% of Commerzbank, three people close to the matter said, in ...
Commerzbank Reverse Takeover Option Could Address Some Issues -- Market Talk
A reverse takeover of Commerzbank, through which it would buy UniCredit's German unit HypoVereinsbank--making the Italian lender its largest shareholder--would tick a number of boxes, RBC Capital ...
Gobierno alemán no venderá más acciones de Commerzbank por ahora
El gobierno alemán decidió no vender más acciones de Commerzbank AG por el momento. “En su reunión del 20 de septiembre, el ...