Unicredit takeover of Commerzbank poised to close after Milan bank secures roughly 45% stake Unicredit’s takeover of Commerzbank edges closer after the Milan-based bank reported it now controls roughly 45% …
Commerzbank
-
Business
UniCredit nears control of Commerzbank with 47.6% stake amid German opposition
by Leo Müllerby Leo MüllerUniCredit takeover of Commerzbank advances as shareholders tender 17.6% by July 3 UniCredit takeover of Commerzbank advances after 17.6% of shares were tendered by July 3, raising UniCredit’s holding above …
-
UniCredit Stake in Commerzbank Reaches 49.65% of Voting Rights After Exchange Offer UniCredit stake in Commerzbank rose to 49.65% of voting rights after 17.6% of shareholders accepted the exchange offer, …
-
Business
Unicredit expects Commerzbank shareholder majority and risks clash with German government
by Leo Müllerby Leo MüllerUniCredit expects to win Commerzbank shareholder majority, raising prospect of management shake-up UniCredit expects to secure a majority at Commerzbank’s shareholders’ meeting, a move that could unseat the bank’s management …
-
Unicredit takeover of Commerzbank extended to July 3 as German state refuses to sell stake Unicredit extends takeover of Commerzbank until July 3; final result expected July 8 as Germany’s …
-
Business
German government rejects UniCredit takeover bid for Commerzbank
by Leo Müllerby Leo MüllerGerman government rejects UniCredit in Commerzbank takeover standoff Germany’s finance agency refuses UniCredit’s exchange offer, blocking a Commerzbank takeover bid and defending the bank’s independence and jobs in Frankfurt. The …
-
Business
German government rejects UniCredit takeover bid for Commerzbank over low premium
by Leo Müllerby Leo MüllerGerman government rejects UniCredit takeover offer for Commerzbank Germany’s finance agency says the federal government will not accept UniCredit’s takeover offer for Commerzbank, citing insufficient premium and strategic concerns. The …
-
Business
UniCredit Raises Commerzbank Stake to 34.35% in Share-Based Takeover Offer
by Leo Müllerby Leo MüllerUniCredit takeover of Commerzbank advances as Italian bank raises stake to 34.35% UniCredit takeover of Commerzbank progresses after UniCredit increased its stake to 34.35% by acquiring 7.58% from shareholders; the …
-
Business
Commerzbank employees protest UniCredit takeover ahead of AGM, warn of mass layoffs
by Leo Müllerby Leo MüllerUniCredit takeover of Commerzbank sparks protests in Wiesbaden as job-cut fears mount Wiesbaden protesters warn the UniCredit takeover of Commerzbank could trigger mass job cuts, after reports UniCredit did not …
-
Business
Commerzbank rejects UniCredit takeover offer and warns shareholders of low premium
by Leo Müllerby Leo MüllerCommerzbank rejects UniCredit takeover as insufficient, vows to remain independent Commerzbank rejects UniCredit takeover in a formal statement, calling the Italian bank’s swap offer insufficient and lacking a credible strategic …