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UniCredit's Orcel takes aim at Europe's banking borders

Reuters on MSN · 2d

UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet

By John O'Donnell FRANKFURT (Reuters) - For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking landscape. Now, as UniCredit chief executive,

devdiscourse · 12h

Ambitious Cross-Border Banking Merger: UniCredit's Bold European Move

Andrea Orcel, CEO of UniCredit, aims to create a new pan-European banking giant by pursuing a merger with Germany's Commerzbank, despite facing resistance from German politicians and regulators. Orcel's bold strategy includes significantly increasing UniCredit's share price and gaining a 21% stake in Commerzbank through shares and derivatives.

bankingdive · 7h

Europe’s other players are watching Commerzbank, UniCredit, too

Executives from BNP Paribas and BBVA weighed in on the state of M&A and offered differing theories about why the continent is falling short globally against Wall Street.

Commerzbank and UniCredit set to meet

What might a combination of UniCredit and Commerzbank look like?

Executives from UniCredit and Commerzbank held their first meeting on Friday, after the Italian bank this month emerged as the biggest investor in its German peer with a nearly 21% stake, subject to supervisory approval.

Bloomberg L.P. · 1d

Commerzbank to Meet UniCredit Tomorrow for Talks

Commerzbank CEO-designate Bettina Orlopp says she’ll meet with UniCredit on Friday. The Italian lender has a 21% stake in its German rival and said it may consider a takeover bid. Orlopp made the comments at a conference while also pledging to increase profitability and pay out more money in an effort to shore up investor support.

The Financial Times · 1d

Commerzbank to hold first meeting with UniCredit on Friday

Shares in Commerzbank surged more than 5 per cent in morning trading to €16.19, their highest level in more than a decade. Despite the stock gaining close to 30 per cent since UniCredit first disclosed a stake two weeks ago,

18hon MSN

UniCredit's Orcel acting 'slightly aggressively' but 'completely legitimately' in potential Commerzbank takeover battle: David Marsh

David Marsh, chairman of OMFIF, discusses the potential takeover battle between UniCredit and Commerzbank, and the German ...

9h

UniCredit to shift retrained staff from central offices to network, sources say

UniCredit plans to invest significantly in the retraining of 600 staff who will then be largely moved to the Italian bank's ...

1d

Commerzbank to Begin Talks With UniCredit as It Woos Investors With Profit Goals

FRANKFURT (Reuters) - Commerzbank's supervisory and management boards have confirmed the bank's current strategy, which is ...

1d

UniCredit’s Blueprint at HVB Spells Deep Cuts for Commerzbank

Andrea Orcel suggested Commerzbank AG could be a lot more successful if it was remade to look more like UniCredit SpA’s ...

2d

UniCredit CEO ready to walk away if conditions for Commerzbank deal not right

UniCredit has taken the opportunity to floor the downside of its investment in Commerzbank and can just walk away if the ...

9h

Factbox-What Might a Combination of UniCredit and Commerzbank Look Like?

At 61 billion euros ($68 billion), UniCredit's market value is roughly three times Commerzbank's 19 billion euros. Shares in ...

GlobalCapital1d

UniCredit stakebuild is another win for Barclays’ new IB gameplan

Helping UniCredit build its stake in Commerzbank is a coup for Barclays, as it tries to climb in investment banking under new ...

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