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Berlin livid as UniCredit tightens its grip on Commerzbank
Things hit fever pitch on Monday after Italy’s UniCredit, led by veteran dealmaker Andrea Orcel, announced out of the blue that it had entered into derivatives transactions that would raise its stake in Germany’s second-largest bank to 21 percent, making it the largest shareholder.
Italy’s UniCredit Trades Blows With Berlin Over Commerzbank
The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.
Berlin warns UniCredit against Commerzbank takeover attempt
The move has fuelled speculation of a potential takeover, setting the stage for a clash with
Berlin
, which still owns 12 percent of Commerzbank. Scholz made his displeasure clear from abroad, addressing German TV cameras on a street in New York.
Commerzbank warns UniCredit merger is threat to German businesses, FT reports
Commerzbank's management has warned the German government that a potential multibillion euro merger with Italy's second-largest bank UniCredit is a threat to businesses that make up the backbone of Europe's biggest economy,
UniCredit angers Germany by quietly amassing a stake in Commerzbank
UniCredit chief executive officer Andrea Orcel used Barclays to help quietly build up a stake in Commerzbank, a move that has shaken European finance and triggered a backlash from the German government.
Germany warns UniCredit against "hostile takeover" of Commerzbank
German Chancellor Olaf Scholz warned against a "hostile takeover" of Commerzbank, after Italy's UniCredit revealed it had significantly increased its stake in Germany's second largest bank, from 9% to 21%.
Commerzbank, UniCredit shares fall as Germany plans to keep 12% stake
By Tom Sims FRANKFURT (Reuters) -Shares of Commerzbank and UniCredit fell on Monday after the German government said that it would retain its 12% stake in the German bank for now in a move that will likely keep any merger with the Italian lender on hold.
12h
Weekend fire forces closure of animal hospital in Berlin
BERLIN, CT (WFSB) - An animal hospital in Berlin was forced to close for the week because of a fire. The Animal Hospital of ...
19h
Animals saved from fire in Berlin commercial building
Two animals were saved from a commercial building’s damaging fire Saturday, according to Berlin fire officials. Fire crews ...
1d
Two animals rescued from a fire at Berlin business; other towns aid in call
The Berlin Fire Department rescued two animals and put out a fire at a business at 369 New Britain Road on Saturday afternoon ...
2d
2 animals rescued after Berlin strip mall fire
The Berlin Fire Department rescued two animals from a veterinarian’s office in a strip mall that caught fire Saturday ...
3d
Berlin’s beloved döner kebab is in jeopardy after Turkey’s proposal to regulate the famous food
Döner kebab is beloved in Berlin. In Turkey, the dish originally was made of lamb and sold only on a plate. But in the 1970s, ...
Christianity Today
20h
Berlin Church Plant Embraces All That Jazz
It’s Saturday night, and you’re looking for jazz in Germany’s capital. You could catch an after-midnight jam session at ...
1d
Fire heavily damages dental office in Berlin
A fire heavily damaged a dental office in Berlin on Saturday and the cause of the fire is under investigation. Firefighters ...
Plastics News
19h
Kickstart: Sharing ownership at Berlin Packaging
Berlin Packaging launched the 1Berlin Shared Ownership Program on Sept. 19, providing all of its workers with at least two ...
2d
A Note From Irving Berlin, the ‘Nation’s Songwriter’
Few songwriters and composers were as prolific as Irving Berlin, whose vast musical catalog includes well-known songs such as ...
The Peninsula
1h
QatarDebate successfully concludes Adjudicators Academy in Berlin
Berlin: In cooperation with the Arab Cultural House (The Diwan) in Germany, QatarDebate wrapped up the Adjudicators Academy on Sunday. Held in ...
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