US EditionUniCredit Doubles Its Equity Stake in Commerzbank to 20%
- UniCredit has raised its equity stake in Commerzbank to 20% by converting derivatives into stock, making it the largest shareholder, surpassing the German government.
- Commerzbank stated that the change in UniCredit's stake will not impact its plans or strategic direction.
- CEO Andrea Orcel indicated he may wait until 2027 to consider a full takeover offer due to rising stock costs.
42 Articles
42 Articles
Fuji Media Holdings (HD) announced on the 10th that its board of directors had resolved a response policy for large-scale purchases of the company's shares. In response to the increase in holdings of Fuji Media HD shares by investment companies linked to activist investor Murakami Yoshiaki, this will essentially be a takeover defense measure that requires procedures to be followed for those holding a certain percentage or more of the company's s…
Unicredit increases Commerzbank stake to 20% through derivatives - Overpasses For America
Bloomberg, the decision is expected to intensify the standoff between UniCredit, led by CEO Andrea Orcel, and Berlin, which supports Commerzbank’s efforts to remain independent. regulatory approval from the European Central Bank, German antitrust authorities, and the US Federal Reserve. pursuing domestic competitor Banco BPM, where the Italian government has imposed stringent conditions on a potential takeover. Retail Banker International, a Glo…
UniCredit is becoming the largest Commerzbank shareholder. While the Federal Government rejects the "renewed undecided and unfriendly approach", the Antitrust Office would not prevent a possible takeover.
For months, the Italians have been expanding their position at Commerzbank in a targeted manner. Their management and the federal government are opposed.
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