German Bank Rejects UniCredit Merger Overtures
8 Articles
8 Articles
The offer of Unicredit has pushed the share price of the German big bank again. Is there still potential up there? And what happens to the share that the federal government currently holds?
Unintentionally, the German federal government once opened the door to the Italian bank Unicredit to take over Commerzbank. A year and a half later, the federal government seems to be considering pushing this door back - with enormous financial effort.
The Italian major bank Unicredit continues to boast of a takeover of Commerzbank. »Absolutely inappropriate«, the Federal Government now lets know. However, concrete measures are covered.
German Bank Rejects UniCredit Merger Overtures
A senior Commerzbank official has firmly rejected renewed calls from UniCredit CEO Andrea Orcel to resume merger talks, escalating the battle for ownership of the prominent German bank. Sascha Uebel, Commerzbank’s vice chairman and head of the works council, expressed strong disapproval of Orcel’s demands, indicating a preference for the German government to increase its stake in Commerzbank to protect against a potential takeover. Uebel stated,…
"It's really enough for me now: Commerzbank's CEO Sascha Uebel sharply rejects UniCredit CEO Orcel's offer of talks. The details.
The German government is considering a last-ditch plan to block the takeover of Commerzbank by UniCredit: state bank KfW is set to increase its stake in the financial institution, in an attempt to create a bloc strong enough to block the Italian offer of around 37 billion euros, according to Reuters. The measure is being discussed […] The article Germany is considering a last-ditch plan to counter the takeover of Commerzbank by UniCredit first a…
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
