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Top related persons:
Orcel - 2 UniCredit - 2 UniCredit's Andrea Orcel - 1 Germany's Commerzbank - 1 Olaf Scholz's - 1 — UniCredit - 1 Giancarlo Giorgetti - 1 UniCredit — - 1
Top related locs:
Commerzbank Monte dei — Germany Munich
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Deutsche Bank - 2 Italy's Banco - 1 ABN Amro - 1 Economy - 1 Ansa - 1 Banco - 1 CNBC - 1 Federated - 1

Search resuls for: "UniCredit's Andrea Orcel"


2 mentions found


☆ UniCredit's Orcel could still sweeten his bid and take on a double M&A offensive
  + stars: | 2024-12-06 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +3 min
Divided between two takeover courtships, UniCredit's Andrea Orcel still has room to sweeten his bid for Italy's Banco BPM, analysts say, while political turmoil stalls a deal with Germany's Commerzbank . Until recently, the latter had been the subject of speculation as a potential merger partner for Germany's largest lender, Deutsche Bank. "There is scope for increasing the [Banco BPM] offer," Johann Scholtz, senior equity analyst and Morningstar, told CNBC. "Remember, that's the second attempt from Orcel to buy [Banco] BPM ... Orcel last month labeled Banco BPM as a "historical target" — stoking the flames of media reports that UniCredit had previously sought a domestic union back in 2022.
Persons: UniCredit's Andrea Orcel, Germany's Commerzbank, Orcel, Olaf Scholz's, — UniCredit, Giancarlo Giorgetti, UniCredit —, Johann Scholtz, Morningstar, Scholtz, Filippo Alloatti, Federated Hermes, UniCredit, Alloatti, Rome, Anima Organizations: Italy's Banco, ABN Amro, Deutsche Bank, Economy, Ansa, Banco, CNBC, Federated, Anima Holding Locations: Commerzbank, Monte dei, —
☆ UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights
  + stars: | 2024-09-12 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +3 min
UniCredit 's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards. UniCredit faces a number of hurdles before increasing its stake after filing a request to "potentially exceed 9.9% of Commerzbank if and when necessary." Commerzbank shares soared on Wednesday when news of UniCredit's position was announced, and compounded gains on Thursday following speculation of an imminent takeover. Whispers cooled in January, however, when Deutsche Bank CEO Christian Sewing said that merger and acquisition activity was not a priority for the group at the time. A UniCredit takeover of Commerzbank would emerge as a rare, if long-awaited, instance of consolidation among Europe's banking titans.
Persons: UniCredit, Andrea Orcel, Orcel, it's, Deutsche Bank CEO Christian Sewing Organizations: Bloomberg, HypoVereinsbank, Alpha Bank, Hellenic Financial Stability, Deutsche Bank, Deutsche Bank CEO Christian, Commerzbank, titans Locations: Commerzbank, Germany, Munich
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