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
German Chancellor Olaf Scholz issued a sharp warning to UniCredit to refrain from "unfriendly" acts Monday after the Italian bank revealed it had significantly increased its stake in Germany's Commerzbank.
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.
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