UniCredit Launches Official Takeover Bid for Commerzbank
UniCredit has officially submitted a takeover offer for Commerzbank, initiating a significant move in the European banking sector. UniCredit's CEO expressed confidence in the operation, though acknowledged it might take time.
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UniCredit CEO says taking control of Commerzbank ‘not the expected scenario’
The Italian lender is making a takeover bid for German rival Commerzbank, despite pushback in Germany.
Read full article →Commerzbank operation will take time but we're confident, Orcel tells ANSA
(ANSA) - MILAN, MAY 5 - UniCredit Andrea Orcel said Tuesday that the Italian bank's designs for Commerzbank will take time to achieve after it launched a 35-billion-euro public purchase offer for the German lender. "It'll take time, but, with a lot of patience and staying on course, we are very confident that it will happen in the end," Orcel said in an exclusive interview with ANSA. UniCredit started to acquire the German bank's stock in 2024 and has taken its stake up to close to 30%. Under...
By ANSA
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