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Commerzbank and UniCredit set to meet
Commerzbank's designated CEO meets UniCredit in first talks, sources say
Commerzbank's designated CEO Bettina Orlopp met with bankers from UniCredit virtually on Friday morning, two people with knowledge of the matter told Reuters, as the German bank kicked off talks with its Italian suitor.
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.
20h
UniCredit CEO Orcel Attended Virtual Meeting With Commerzbank, Source Says
Commerzbank's designated CEO Bettina Orlopp was also present on Friday's conference call, which a UniCredit source had ...
1d
Commerzbank fight is stress test for EU bank union
Commerzbank has long been an also-ran in European banking. Its balance sheet is roughly one-fifth as large as French rival ...
2d
Citi Analysts See UniCredit-Commerzbank Deal as Likely Outcome
A merger between UniCredit SpA and Commerzbank AG is likely, despite opposition from the German government, according to ...
2d
Commerzbank Confirms Independent Strategy Ahead of Talks With UniCredit
The German lender said it planned to improve its profitability and boost shareholder returns in the coming years as it ...
DPA International on MSN
2d
Germany's Commerzbank promises better returns after UniCredit bid
Commerzbank is setting itself higher profitability targets in its battle with the Italian bank UniCredit, which is pursuing a ...
2d
UniCredit’s Blueprint at HVB Spells Deep Cuts for Commerzbank
Andrea Orcel suggested Commerzbank AG could be a lot more successful if it was remade to look more like UniCredit SpA’s ...
3d
Under-fire Commerzbank sets ambitious profit goal
Shares of Commerzbank, the German bank being pursued by Italy’s UniCredit, soared on Thursday after it forecasted improving ...
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UniCredit
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