UniCredit wins ECB approval for Commerzbank stake
Italy’s UniCredit has received the go-ahead from the European Central Bank to increase its stake in German rival Commerzbank to up to 29.9 per cent, but said the timeline for deciding on any potential takeover was likely to “extend well beyond the end of 2025”.
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Commerzbank In Talks to Rent New 52-Story Frankfurt Office Tower(Bloomberg) -- German lender Commerzbank AG is in talks to rent a 52-story skyscraper currently being built in Frankfurt by regional lender Helaba. Commerzbank would be the sole tenant of 66,000 ...
1. The following are key metrics for the two banks. 2. Commerzbank's shares have soared since UniCredit began building its ...
"Alongside the Commerzbank Tower, the new building will be an important anchor for Commerzbank in Frankfurt's city centre," Commerzbank human resources chief Sabine Minarsky said.
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Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCreditUniCredit now owns a direct 9.5% stake and a 18.5% stake via derivatives in Commerzbank, after first building its stake in September, then subsequently increasing its position. The move has been ...
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