DZ Bank CEO Says UniCredit’s Commerzbank Deal Could Make Sense
A senior German banker said there a several reasons why a takeover of Commerzbank AG by UniCredit SpA could be beneficial, demonstrating that the strong opposition to the potential deal by the country’s government isn’t a national consensus.
UniCredit has built a "federal model" as a pan-European bank with subsidiaries in each of its 13 markets that can act locally ...
Commerzbank's designated CEO Bettina Orlopp was also present on Friday's conference call, which a UniCredit source had ...
Andrea Orcel, CEO of UniCredit, aims to create a new pan-European banking giant by pursuing a merger with Germany's ...
Italy fears that UniCredit may shift its central offices to Germany as part of any deal with Commerzbank, government ...
At 61 billion euros ($68 billion), UniCredit's market value is roughly three times Commerzbank's 19 billion euros. Shares in ...
Commerzbank and UniCredit are set to begin talks Friday, with the German bank on the defensive over a potential takeover.
He cast UniCredit's bid for a tie-up in stark terms, saying the aquisition "would destroy Commerzbank." Wittmann spoke at a rally in front of the Commerzbank headquarters in Frankfurt.
UniCredit plans to invest significantly in the retraining of 600 staff who will then be largely moved to the Italian bank's ...
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