US Edition
UniCredit CEO Says Commerzbank Share Price Too High for Merger By Investing.com
- UniCredit has built a 28% stake in Commerzbank through derivatives as of September, amid takeover speculation in Germany.
- This stake followed Commerzbank's 76% share surge year-to-date and better-than-expected first-quarter results, though UniCredit cites Italian authorities' suspension due to Rome's golden powers.
- UniCredit CEO Andrea Orcel stated the current Commerzbank share price is too high for a merger and that the bank remains far from making a bid.
- Orcel told CNBC that at the current price of Commerzbank shares, UniCredit does not find an attractive opportunity for its investors and emphasized that the company remains patient given the existing regulatory uncertainties.
- UniCredit's position suggests it will seek government clarity on regulatory risks, including Russian sanctions, or else may withdraw from the pursuit.
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18 Articles
18 Articles
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The head of Unicredit on Russia: "So we lose 20 billion" . Near the assembly of Mediobanca: head to head on the yes to the "Ops." The unions: "We hope the autonomy of the group to protect 20,000 workers."The special contains two articles.Andrea Orcel presents himself at the conference organized in Ber...
Unicredit wants to take over Commerzbank. However, the expression of interest takes place at the back. The Italian big bank buys shares of the German money house unnoticed by the public. "Not acceptable", states the Chancellor in a letter.
Coverage Details
Total News Sources18
Leaning Left3Leaning Right2Center3Last UpdatedBias Distribution38% Left, 38% Center
Bias Distribution
- 38% of the sources lean Left, 38% of the sources are Center
38% Center
L 38%
C 38%
R 25%
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