New Commerzbank CEO expected to fight a potential UniCredit takeover
Commerzbank on Tuesday announced its new chief executive would be Bettina Orlopp, who is expected to fight a possible takeover of the German bank by Italy’s UniCredit. Orlopp, currently Commerzbank’s chief financial officer, will succeed existing chief executive Manfred Knof “in the near future”, Germany’s second-largest listed lender said.
The German bank named its next CEO on Tuesday. The lender’s board decried a sudden buy-up of stock by Italy’s UniCredit, which may be looking for a cross-border path to take on Wall Street.
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Victoria Farr BERLIN/FRANKFURT (Reuters) - UniCredit Chief Executive Andrea Orcel has succeeded in uniting Germany's ...
German Finance Minister Christian Lindner said his government decided to suspend sales of Commerzbank AG shares because ...
German Finance Minister Christian Lindner said his government decided to suspend sales of Commerzbank AG shares because ...
UniCredit's behaviour towards Commerzbank has spurred uncertainty among shareholders, German Finance Minister Christian ...
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.
The German government does not see legal powers it could use to prevent the takeover of Commerzbank by Italy's UniCredit, two ...
The major German services sector union Verdi is demanding that the government exhaust all options in the takeover battle for ...
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