Orcel Escalates Commerzbank Fight With Surprise Stake Boost
UniCredit SpA Chief Executive Officer Andrea Orcel moved to more than double the lender’s stake in Commerzbank AG, in a dramatic development that’s likely to escalate tensions with the German government.
Barclays, Bank of America Helped Orcel Buy Commerzbank Stake
UniCredit SpA Chief Executive Officer Andrea Orcel used Barclays Plc to help quietly build up a stake in Commerzbank AG, a move that has shaken European finance and triggered a backlash from the German government.
Germany's Scholz slams UniCredit 'attack' on Commerzbank, stiffening opposition
By Valentina Za, Tom Sims and Andreas Rinke MILAN/FRANKFURT (Reuters) -German Chancellor Olaf Scholz slammed as "an unfriendly attack" a move by UniCredit to become the biggest investor in rival Commerzbank with a potential 21% stake,
Barclays Helped UniCredit Quietly Build Commerzbank Stake
UniCredit SpA Chief Executive Officer Andrea Orcel used Barclays Plc to help quietly build up a stake in Commerzbank AG, a move that has shaken European finance and triggered a backlash from the German government.
Germany Backs Independent Commerzbank as Orcel Boosts Stake
Tensions between Germany and UniCredit SpA burst into the open Monday as the government said it opposes a takeover of Commerzbank AG while the Italian lender moved to raise its stake.Most Read from BloombergThe Moonshot Plan to Eliminate Deaths on America’s RoadsUnlocking the Hidden Power of Zoning,
UniCredit defies Germany using derivatives to get 21% Commerzbank stake
Italy's UniCredit defied Germany's defence of Commerzbank by using derivative contracts on Monday to raise its potential stake in the German bank close to 21%, while waiting for regulatory approval to go above 9.
UniCredit eleva sorpresivamente su participación en Commerzbank
El director ejecutivo de UniCredit SpA, Andrea Orcel, sorprendió al mercado al duplicar con creces la participación del banco que dirige en Commerzbank AG, una maniobra que probablemente aumente las tensiones con el gobierno alemán.
UniCredit Ups Ante in Pursuit of Germany’s Commerzbank
The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.
UniCredit Buys Further 11.5% Stake In Commerzbank, Totaling 21%
Italian lender UniCredit SpA (UCG, UNCFF.PK) announced Monday that it has entered into financial instruments relating to around 11.5
UniCredit reaches deal to boost Commerzbank stake
UniCredit on Monday said it’s reached an agreement to further increase its stake in Commerzbank as the German government increasingly attempts to ward off an Italian acquisition of its number-two bank.
Andrea Orcel, Commerzbank and the redemption trade
After advising on the disastrous break-up of ABN Amro, the banker appears to be positioning UniCredit for a takeover of its ...
Banking’s Ultimate Dealmaker Orcel Runs Into German Resistance
Andrea Orcel’s audacious move on Commerzbank AG caught many in Germany unawares. On Friday, Berlin hit back.
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Berlin warns UniCredit against Commerzbank takeover attempt
Contacted by AFP, Commerzbank declined to comment. Last week, UniCredit boss Andrea Orcel ruled out a hostile takeover ...
The Suave Italian Banker Who Wants to Be the Jamie Dimon of Europe
Andrea Orcel has teed up UniCredit for a potential takeover of rival Commerzbank. He wants to build something Europe lacks—a ...
UniCredit’s Andrea Orcel swoops on Commerzbank
Italian lender’s purchase of 9% stake in German rival could signal start of long-awaited banking consolidation ...
UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet
For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking landscape.
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Andrea Orcel's Bold Move: Breaking Down Barriers in European 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 ...