US EditionGermany's Commerzbank staff protest UniCredit takeover threat
- Commerzbank employees protested against a possible takeover by UniCredit on Thursday outside the annual shareholders' meeting in Wiesbaden.
- Around 200 staff members participated, emphasizing their desire for Commerzbank to remain independent, according to Chief Executive Bettina Orlopp.
- Demonstrator Denis Krutikov stated that shareholders should consider the implications of merging with UniCredit amidst worker opposition.
- UniCredit CEO Andrea Orcel mentioned he could wait until 2027 to decide on a potential takeover bid for Commerzbank.
47 Articles
47 Articles
The employee protest accompanies the assembly of the German bank: "No to Unicredit" , L'ad Bettina Orlopp: the goal is independence. At the two-hour meeting with the Treasury to discuss the Golden power were present only the officials of the Economics Department.They are complicated days for Andr...
German Chancellor Backs Finance Minister’s Critique of UniCredit
The recent criticism of UniCredit coming from Finance Minister Lars Klingbeil was coordinated with the chancellery, a government spokesperson said, indicating that the new German government is united in its opposition of a potential takeover of Commerzbank AG by the Italian lender.
Bad Banking in Italy
UniCredit (until May 2008 UniCredito Italiano) is an international banking group controlled by BlackRock Inc. - 5.12% and Allianz SE - 3.13% with its general management and registered office in Milan, in the UniCredit Tower. From 2011 until 2023 it was the only bank with its head office in Italy to be included by the
Indomitable as the inhabitants of a small Gallic village, Commerzbank employees are strongly opposed to being swallowed by the Italian bank Unicredit
Commerzbank is again successful - even if the store business remains a child of worry. UniCredit's takeover intentions hang like a thunderstorm cloud above everything. By Oliver Feldforth.
At their Annual General Meeting Commerzbank leaders, shareholders and employees demonstrate rare unity and fight for the independence of the second largest German private bank. But there were also critical questions from shareholders.
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