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Italy’s UniCredit Trades Blows With Berlin Over Commerzbank
The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.
Berlin livid as UniCredit tightens its grip on Commerzbank
Things hit fever pitch on Monday after Italy’s UniCredit, led by veteran dealmaker Andrea Orcel, announced out of the blue that it had entered into derivatives transactions that would raise its stake in Germany’s second-largest bank to 21 percent, making it the largest shareholder.
Berlin warns UniCredit against Commerzbank takeover attempt
German Chancellor Olaf Scholz issued a sharp warning to UniCredit to refrain from "unfriendly" acts Monday after the Italian bank revealed it had significantly increased its stake in Germany's Commerzbank.
Italy Grows Annoyed as Germany Criticizes Moves on Commerzbank
Italian government officials are growing frustrated at Germany’s opposition to a potential takeover of Commerzbank AG by Milan-based UniCredit Spa, threatening to disrupt the delicate diplomatic relations between Berlin and Rome.
Italy's foreign minister praises UniCredit's Commerzbank move
UniCredit is "doing well" to act within the European Union's internal market, Italian Foreign Minister Antonio Tajani told the Class CNBC network on Monday, commenting on the Milan-based bank interest for Germany's Commerzbank.
UniCredit angers Germany by quietly amassing a stake in Commerzbank
UniCredit chief executive officer Andrea Orcel used Barclays to help quietly build up a stake in Commerzbank, a move that has shaken European finance and triggered a backlash from the German government.
Italy's UniCredit boosts stake in Germany's Commerzbank to 21%
Italian bank UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY) said Monday it increased its stake in Commerzbank (OTCPK:CRZBF) (OTCPK:CRZBY) to around 21% through financial instruments and submitted an application to own up to 29.
UniCredit ignores Berlin's wrath to raise stake in Germany's Commerzbank
If the deal wins approval, it will make the Italian bank Commerzbank's largest shareholder - to the dismay of the German government. View on euronews
StringersHub on MSN
4h
Germany: Thousands of demonstrators marched silently through central Berlin
Thousands of demonstrators marched silently through central Berlin on Saturday, September 21, 2024, in the annual "March for ...
9m
France and Germany demand workers’ access to UK in return for migrant deal
France and Germany have demanded improved post-Brexit rules for EU workers and students in Britain in return for a new ...
Access WDUN
1h
Turkey wants to regulate Germany's beloved döner kebab street food
“The kebab belongs to Germany. Everyone should be allowed to decide for themselves how it is prepared and eaten here. There’s ...
Yahoo Finance
9h
Unicredit’s Maneuvers Raise Temperature Between Rome and Berlin
(Bloomberg) -- Italian government officials are growing frustrated at
Germany
’s opposition to a potential takeover of ...
Christianity Today
22h
Berlin Church Plant Embraces All That Jazz
It’s Saturday night, and you’re looking for jazz in Germany’s capital. You could catch an after-midnight jam session at ...
fethiyetimes.com
5h
Germany’s döner kebab empire clashes with Türkiye, home of döner
Döner, a beloved dish and diplomatic symbol, has become a point of contention as Türkiye urges Germany to honor its ...
Tennis
14h
Laver Cup 2024: Tennis (and kebab!) fever in Berlin
For the first time ever, the Laver Cup was coming to Germany, and every Berliner was supposed to know about it. All around the area, there were advertising banners, large posters and pictures of ...
4d
Germany hasn't approved arms exports to Israel in months, as Berlin denies blocking shipments
Germany, a strong European ally of Israel and the second largest arms exporter to the country after the US, has faced a wave ...
Travel Daily Media
1d
Renovated hotel opens as Radisson RED Berlin Kudamm with 133 keys in Germany
Radisson RED Berlin Kudamm is Germany’s first Radisson RED hotel. The brand is present in sought-after urban destinations ...
CNN
21h
Regional victory brings Germany’s Scholz brief respite
German Chancellor Olaf Scholz’s Social Democrats (SPD) staved off the far right in a regional election on Sunday, likely ...
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