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 ...
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 ...
For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking landscape.
For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking ...
Andrea Orcel, UniCredit's CEO, aims to break European political resistance to cross-border mergers through a bold stake in Commerzbank. Orcel's efforts may face obstacles from national politics and ...
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO ...