Andrea Orcel’s audacious move on Commerzbank AG caught many in Germany unawares. On Friday, Berlin hit back.
Germany won’t sell any more shares in Commerzbank AG, a move that demonstrates the depth of opposition in Berlin to any takeover by Italian rival UniCredit SpA.
In a surprise move, the Federal Finance Agency announces that "The federal government will not sell any more Commerzbank shares until further notice." ...
(MENAFN- Jordan Times) FRANKFURT, Germany - UniCredit CEO Andrea Orcel openly acknowledged Monday that he was in favour of a ...
The German government said Friday it had decided not to sell off any more of its Commerzbank shares "for the time being", after Italy's UniCredit unexpectedly built up a nine-percent stake in the ...
Government signals no plans for further share sales amidst UniCredit's surprising move, with Commerzbank focused on staying ...
The German government--the biggest shareholder in Commerzbank--said Friday that it won't offload any additional shares in the bank following the sale to UniCredit for 702 million euros ($783.5 million ...
The German government’s decision to offload about a quarter of its holding in Commerzbank AG is driving another wedge into ...
The European banking game is getting more and more complicated, with the German government intending to examine the ...
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 ...
Italy’s UniCredit has taken a 9% stake in Germany’s Commerzbank, setting the stage for a pathbreaking cross-border takeover.
UniCredit’s raid to buy 9% of Commerzbank gives Deutsche three choices — all unattractive. But one is clearly less bad than ...