Italy Gets Annoyed at German Criticism of Commerzbank Move
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 UniCredit Trades Blows With Berlin Over Commerzbank
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
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 defies Germany using derivatives to get 21% Commerzbank stake
Italy's UniCredit defied Germany's defence of Commerzbank by using derivative contracts on Monday to raise its potential stake in the German bank close to 21%, while waiting for regulatory approval to go above 9.
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 Unicredit raises stake in Germany's Commerzbank to 21%
Italy's Unicredit announced on Monday that it has boosted its stake in Commerzbank to around 21% through the purchase of financial instruments relating to 11.5% of the shares in Germany's second-largest bank.
UniCredit Ups Ante in Pursuit of Germany’s Commerzbank
The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.
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.
Gobierno Alemán Advierte Al Banco Italiano UniCredit Contra Intento De Adquisición De Commerzbank
El jefe del gobierno alemán, Olaf Scholz, lanzó el lunes una dura advertencia a UniCredit para que se abstenga de realizar actos "no amistosos", después de que el banco italiano revelara que aumentó significativamente su participación en el alemán Commerzbank.
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The German government does not see legal powers it could use to prevent the takeover of Commerzbank by Italy's UniCredit , ...
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