Commerzbank to hold first meeting with UniCredit on Friday
Commerzbank will “exchange views” with UniCredit in a first meeting on Friday, incoming chief executive Bettina Orlopp told investors, as the German lender attempted to woo them with promises to lift profits and payouts to shareholders more than previously expected.
Factbox-What Might a Combination of UniCredit and Commerzbank Look Like?
At 61 billion euros ($68 billion), UniCredit's market value is roughly three times Commerzbank's 19 billion euros. Shares in Germany's second-biggest publicly-listed bank have gained 30% since UniCredit unveiled its initial holding on Sept. 10, as markets bet on a full takeover.
Commerzbank's designated CEO Bettina Orlopp was also present on Friday's conference call, which a UniCredit source had ...
A merger between UniCredit SpA and Commerzbank AG is likely, despite opposition from the German government, according to ...
Commerzbank has long been an also-ran in European banking. Its balance sheet is roughly one-fifth as large as French rival ...
Shares of Commerzbank, the German bank being pursued by Italy’s UniCredit, soared on Thursday after it forecasted improving ...
Andrea Orcel suggested Commerzbank AG could be a lot more successful if it was remade to look more like UniCredit SpA’s ...
The German lender said it planned to improve its profitability and boost shareholder returns in the coming years as it ...
DPA International on MSN2d
Germany's Commerzbank promises better returns after UniCredit bidCommerzbank is setting itself higher profitability targets in its battle with the Italian bank UniCredit, which is pursuing a ...
The incoming chief executive officer of Commerzbank AG is set to discuss with UniCredit SpA officials how to work together, ...
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