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UniCredit SpA (CRIN.BE)

43.60

-0.19

(-0.42%)

As of 1:21:03 PM GMT+1. Market Open.

Commerzbank says no talks with UniCredit until specific proposal made

Commerzbank reiterated on Friday that it will not meet with UniCredit for formal discussions until it receives a specific proposal from the Italian bank, which has ruffled feathers in Berlin with its interest in a merger. Earlier on Friday, the Financial Times newspaper reported that Commerzbank CEO Bettina Orlopp had rejected an invitation from UniCredit CEO Andrea Orcel to hold informal talks about a potential tie-up with UniCredit, citing people familiar with the matter.

Reuters 3 days ago

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European Banks’ Upbeat Outlook Paves Way for IPOs, Stake Sales

(Bloomberg) -- A positive outlook for banking stocks is making it an opportune time for buyout firms and European governments to offload their stakes.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersBillionaire Developer Caruso Slams LA Leadership Over WildfiresHoboken PATH Station Will Close for Almost a Month on Jan. 30Countries from Ireland to

Bloomberg 3 days ago

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Commerzbank Calls UniCredit Move ‘Hostile’ in Escalation

(Bloomberg) -- Commerzbank AG stepped up its rhetoric against the approach from UniCredit SpA, further complicating the situation for the Italian lender.UniCredit’s strategy of buying and expanding a stake in the lender while considering a takeover bid is “hostile,” a spokeswoman said in an emailed statement Wednesday. It’s the first time Commerzbank has used that term in relation to UniCredit’s approach. The comments increase tensions which have been simmering since UniCredit first unveiled a s

Bloomberg 4 days ago

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Commerzbank says UniCredit's approach is hostile and unilateral

FRANKFURT (Reuters) -Commerzbank on Wednesday defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CEO Andrea Orcel saying there had. UniCredit is awaiting the European Central Bank approval it needs for the 28% stake it has built in the German lender, for the most part using derivatives. "The approach of unilaterally building up and expanding a significant stake can only be considered as hostile," Commerzbank said in a statement.

Reuters 4 days ago

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Unicredit chief hopes for clarity on Commerzbank plans by end 2025

UniCredit chief Andrea Orcel wants to discuss a planned takeover of Commerzbank with the new German government and hopes for some clarity at the latest by the end of the year, he told German paper FAZ. Germans will elect a new government on Feb. 23 and polls suggest that conservative chancellor candidate Friedrich Merz could succeed Chancellor Olaf Scholz, a Social Democrat, who opposes the deal. "Without the support of such an important institution as the German government it will be difficult," Orcel was quoted as saying in an interview.

Reuters 4 days ago

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Commerzbank Is Looking at ‘Bolt-On’ Deals, CEO Orlopp Says

(Bloomberg) -- Commerzbank AG has its eyes on various potential smaller deals to create value for shareholders, but it won’t do anything “stupid” to fend off a potential takeover by UniCredit SpA, Chief Executive Officer Bettina Orlopp said.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageNY’s Hochul Calls for Law Banning Cell Phone Use i

Bloomberg 5 days ago

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Orcel Says He Can Drop Commerzbank Deal If There’s No Value

(Bloomberg) -- UniCredit SpA Chief Executive Officer Andrea Orcel made clear he won’t seek to acquire Commerzbank AG at all costs.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityMayors Chart an Agenda for Tackling the Housing Crisis Under TrumpAsked during a Bloomberg Televi

Bloomberg 6 days ago

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Giorgia Meloni’s supremacy threatened by €10bn banking merger

Since taking power, Giorgia Meloni has stamped her authority on Italy to emerge as one of Europe’s strongest leaders.

The Telegraph 7 days ago

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UniCredit unveils $2.37bn financing initiative to support SMEs in CEE

The 'UniCredit for CEE 2025' programme will offer financial, operational, and advisory services to businesses to drive “growth and sustainability”.

Leasing Life 9 days ago

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Commerzbank chairman sees little chance of amicable UniCredit merger, report says

Commerzbank's supervisory board chairman Jens Weidmann said there is little chance for an amicable merger with UniCredit after the Italian bank's surprise purchase of a hefty stake in the German lender, Handelsblatt newspaper reported. "It's like any relationship: if the start is unsuccessful, it will be difficult," Weidmann told Handelsblatt in an interview published on Monday. He also expressed doubt that a hostile takeover in the banking sector can create sustainable value.

Reuters 14 days ago

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European banks' record takings fuel M&A talk as pressures on industry persist

For years, pressure on European banks and asset managers to bulk up to better compete with U.S. rivals has been mounting. European banks have enjoyed a run of record profits and soaring shares in the past two years but they, like the region's asset managers, remain far smaller than U.S. peers after American institutions pulled further ahead. Competition will intensify in 2025 as U.S. President-elect Donald Trump takes office, when he is expected to slash red tape for U.S. lenders.

Reuters 14 days ago

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Analysis-European banks' record takings fuel M&A talk as pressures on industry persist

For years, pressure on European banks and asset managers to bulk up to better compete with U.S. rivals has been mounting. European banks have enjoyed a run of record profits and soaring shares in the past two years but they, like the region's asset managers, remain far smaller than U.S. peers after American institutions pulled further ahead. Competition will intensify in 2025 as U.S. President-elect Donald Trump takes office, when he is expected to slash red tape for U.S. lenders.

Reuters 14 days ago

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Italy Readying Review of UniCredit’s BPM Bid Under Golden Power

(Bloomberg) -- Italy is preparing to start a formal review of UniCredit SpA’s unsolicited offer for Banco BPM SpA, people familiar with the matter said, a process under the government’s “Golden Power” rules that may impose conditions should a deal be approved.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco R

Bloomberg 16 days ago

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BPM Plans Risk Transfers Tied to €4.5 Billion in Loans While Trying to Fend Off UniCredit Bid

(Bloomberg) -- Banco BPM SpA is seeking investors for two significant risk transfers, potentially boosting its capital strength at a time when it’s also trying to stave off a takeover pursued by rival UniCredit SpA.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?NYC Condo Owners May Bear Costs of Landmark Green Building LawCan States Hit the Brakes on

Bloomberg 19 days ago

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UniCredit Tapped Citigroup for Commerzbank Hedges Last Month

(Bloomberg) -- UniCredit SpA worked with Citigroup Inc. to hedge part of last month’s stake increase in Commerzbank AG, people with knowledge of the matter said. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing to Take Effect After Years of DelaysNYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueNYC Congestion Pricing Takes Effect After Years of DelaysBurned-Out Parents Need Better Public SpacesCitigroup holds 5.1% voting rights in Com

Bloomberg 23 days ago

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Top Dividend Stocks To Consider In January 2025

As we move into January 2025, global markets are navigating a complex landscape marked by fluctuating consumer confidence and mixed economic signals. Despite these challenges, U.S. stock indices have shown moderate gains, with large-cap growth stocks leading the charge amid a backdrop of rising treasury yields and evolving geopolitical dynamics. In such an environment, dividend stocks can offer investors stability and income potential, making them an attractive option for those seeking to...

Simply Wall St. 26 days ago

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Germany opposes UniCredit’s move to raise Commerzbank stake

UniCredit is seeking regulatory approval to further increase its stake in Commerzbank to up to 29.9%.

Retail Banker International last month

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UniCredit pivots back to Commerzbank, increases stake to 28%

The move drew stiff rebukes from the German government, which “assumed” any deal was all but dead a month ago. UniCredit said the stake bump does not affect its offer to buy Banco BPM.

Banking Dive last month

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Dollar Trades Steady Ahead of Fed Decision

The dollar was trading steady as investors looked ahead to the Federal Reserve's interest-rate decision, due later Wednesday. Fed Chair Jerome Powell is likely to signal that the central bank will pause rate cuts at some point, UniCredit Research analysts said in a note. The key factor for the foreign exchange market will likely be how Powell "conveys the idea that an upcoming pause would not represent the end of the current easing cycle," they said.

Barrons.com last month

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Germany rejects UniCredit's latest Commerzbank stake hike in strongest rebuke yet

MILAN/BERLIN (Reuters) -Germany rejected UniCredit's latest Commerzbank stake increase as an "uncoordinated and unfriendly approach" on Wednesday, strongly rebuking the Italian bank. UniCredit, which angered Berlin when it emerged as Commerzbank's biggest private investor in September, said it had raised its stake in Commerzbank to 28% using derivatives. "Today's news is remarkable because UniCredit had previously publicly emphasised that it did not want to take any further action before the federal elections," a German government spokesperson said in response to the development.

Reuters last month

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Performance Overview

Return	CRIN.BE	FTSE MIB Index
YTD	+12.65%	+5.91%
1-Year	+75.45%	+19.19%
3-Year	+284.81%	+36.02%

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UniCredit SpA (CRIN.BE)

Commerzbank says no talks with UniCredit until specific proposal made

European Banks’ Upbeat Outlook Paves Way for IPOs, Stake Sales

Commerzbank Calls UniCredit Move ‘Hostile’ in Escalation

Commerzbank says UniCredit's approach is hostile and unilateral

Unicredit chief hopes for clarity on Commerzbank plans by end 2025

Commerzbank Is Looking at ‘Bolt-On’ Deals, CEO Orlopp Says

Orcel Says He Can Drop Commerzbank Deal If There’s No Value

Giorgia Meloni’s supremacy threatened by €10bn banking merger

UniCredit unveils $2.37bn financing initiative to support SMEs in CEE

Commerzbank chairman sees little chance of amicable UniCredit merger, report says

European banks' record takings fuel M&A talk as pressures on industry persist

Analysis-European banks' record takings fuel M&A talk as pressures on industry persist

Italy Readying Review of UniCredit’s BPM Bid Under Golden Power

BPM Plans Risk Transfers Tied to €4.5 Billion in Loans While Trying to Fend Off UniCredit Bid

UniCredit Tapped Citigroup for Commerzbank Hedges Last Month

Top Dividend Stocks To Consider In January 2025

Germany opposes UniCredit’s move to raise Commerzbank stake

UniCredit pivots back to Commerzbank, increases stake to 28%

Dollar Trades Steady Ahead of Fed Decision

Germany rejects UniCredit's latest Commerzbank stake hike in strongest rebuke yet

Performance Overview