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1 day ago · Italy’s UniCredit pursues a stake in Germany’s Commerzbank . After the financial crisis, dealmaking among banks in different countries in Europe fell to a standstill.
Italy’s UniCredit pursues a stake in Germany’s Commerzbank . Hurricane Milton strengthens again as Florida residents urged to leave; Israel cancels defence minister’s visit to US as Mideast tensions rise
3 days ago · Unicredit acquired a 9 percent stake in Commerzbank in September and, through financial instruments, now controls 21 percent of the shares. Orcel is reportedly keen on acquiring Commerzbank in full. However, Orlopp noted that at the first meeting between senior management from Commerzbank and its new major shareholder Unicredit at the end of September, a merger was not on the agenda.
3 days ago · Commerzbank and UniCredit did not discuss a merger at a recent meeting, the German lender's CEO Bettina Orlopp told a local newspaper, saying any tie-up with its Italian peer would result in the loss of customers. Orlopp, in her first interview since becoming CEO of Germany's second-biggest lender by assets after Deutsche Bank, was downbeat on the prospects for big bank mergers. Italy's second ...
1 day ago · Nick Hill, managing director and co-head of global banking at Moody's Ratings, discusses Commerzbank and UniCredit's ratings in regards to a potential merger. Watch: Walt Disney World Resort area ...
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2 days ago · On September 10, UniCredit secured a surprise 9 per cent direct stake in Commerzbank via an accelerated book building offering on behalf of the German government, and shares it bought on the secondary market. Within days, the Italian lender’s stake had risen to 21 per cent via a series of derivatives transactions, which allowed it to go beyond the permitted 10 per cent shareholding.
12 hours ago · The governing law of an arbitration agreement is important. It determines what law will be applied to determine (amongst other things) the existence, validity and scope of an arbitration agreement and, as illustrated in UniCredit v RusChem, the extent to which injunctive relief may be available to enforce an arbitration agreement.
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