Germany’s Commerzbank Expresses Strong Confidence in Its Strategic Deal with Italy’s UniCredit
14 Articles
14 Articles
Once again, Commerzbank's head Bettina Orlopp is presenting the quarterly figures this week, which this time don't arrive so well on the stock market. It might have been the last time.
Germany's Commerzbank 'convinced' of value in deal with Italy's UniCredit
Germany's Commerzbank , nearing a takeover by Italy's UniCredit , said on Thursday that it was "convinced" a deal between the two banks could create value, in a markedly more bullish stance on a potential tie-up.
The European Central Bank has approved an increase in the ownership share of the Italian Unikredit Bank in the German Komercbank above 30 percent. This opened the way for the next phase of the process, which could lead to the takeover of one of the largest and most important banks in Germany, Unikredit Bank announced.
German Komercbanka expects Unikredit's takeover offer to be completed in the coming months and estimates that the agreement between the two banks could create additional.
FRANKFURT/MAILAND. Commerzbank is taking a strategic turn towards a car rental agreement by the bank-Austria-mother UniCredit and a gradual integration. Commerzbank's chairman Bettina Orlopp said that there was this kind of contact with the Italian Grobank, also at the head level.
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