Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells paper
A merger of Italy's Unicredit and Germany's Commerzbank could add value for all stakeholders and create a much stronger competitor in the German banking market, Unicredit CEO Andrea Orcel told Handelsblatt in an interview published on Monday.
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
Commerzbank Labor Union ‘Bitterly’ Opposes Any Unicredit Merger
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 takeover.
UniCredit has Germany's trust, won't go hostile on Commerzbank, CEO says
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO said in a newspaper interview, ruling out any "aggressive" moves such as an unsolicited buyout bid.
UniCredit CEO Orcel Says Merger with Commerzbank Could Boost Shareholder Value
UniCredit CEO Andrea Orcel stated that a merger with Commerzbank could deliver substantial value for stakeholders, strengthening both banks in the German market. Orcel highlighted potential savings in central
Andrea Orcel plots UniCredit’s boldest move yet on Commerzbank
Former UBS dealmaker has contemplated a tie-up with the state-backed German lender for years but Berlin may balk
Italy's UniCredit CEO Rules Out Commerzbank Takeover Bid
The CEO of Italian lender UniCredit ruled out a takeover bid for Germany's Commerzbank in an interview published Thursday, but confirmed he was seeking central bank permission to increase its stake to 29.
Analysis-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 ...
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UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights
"All the options are on the table," Orcel said Thursday in a Bloomberg TV interview. UniCredit's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in ...
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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 ...
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UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say
UniCredit will seek ECB clearance to potentially buy up to 30% of Commerzbank, three people close to the matter said, in ...
Germany Halts Commerzbank Share Sales to Block Any UniCredit Bid
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.