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Commerzbank AG (ZZMS.SG)

17.60

-0.20

(-1.12%)

As of 12:42:30 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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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 on Overnight News

Commerzbank in its "European Sunrise" note of Wednesday highlighted: Markets: United States Treas

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MT Newswires 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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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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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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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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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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Commerzbank on The Looming Slowdown in Bank of Canada's Pace of Interest Rate Cuts

The Bank of Canada cut its key interest rate by another 50 basis points on Wednesday, as expected, s

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MT Newswires last month

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Unwelcome in Germany, UniCredit CEO zeroes in on Italy

MUNICH/FRANKFURT/MILAN (Reuters) -Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce resistance to his interest in German flagship lender Commerzbank. A group of customers from Germany's corporate elite pleaded with Commerzbank's CEO to reject a deal, according to people involved in the meeting at the bank's Frankfurt headquarters, underscoring the depth of opposition. They warned Germany's second-largest bank would face the same fate as a Bavarian bank HVB, which UniCredit bought in 2005 and subsequently overhauled and scaled back.

Reuters last month

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BPM spurns UniCredit’s takeover bid

The bank blasted what it sees as a weak premium. Its CEO warned a deal would cost BPM 6,000 jobs. And Italian officials expressed concern that a UniCredit tie-up would stall efforts to grow BPM.

Banking Dive last month

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Commerzbank Comments on New Zealand's Central Bank 50bps Rate Cut, Currency

The Reserve Bank of New Zealand (RBNZ) cut its key interest rate by 50bps overnight Tuesday, as expe

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MT Newswires last month

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European bank stock picks for 2025, according to Deutsche Bank

European bank stocks have had a strong year but going into 2025 Deutsche Bank is being more selective with stock picks in the sector.

Yahoo Finance UK last month

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Commerzbank Previews This Week's Policy Meeting at New Zealand's Central Bank

When the Reserve Bank of New Zealand (RBNZ) started cutting rates in August this year, it didn't surprise anyone, said Commerzbank.

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MT Newswires 2 months ago

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How M&A is reshaping competition in European banking

Current European banking deals, while beneficial for the acquiring banks, raise concerns for stakeholders with the potential for reduced competition and a slowdown in innovation, warns Harry Swain

Retail Banker International 2 months ago

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UniCredit Makes Surprise $10.5 Billion Bid for Italian Rival

The lender reinvigorated a stalled wave of European banking consolidation, bidding more than $10 billion for smaller Italian peer Banco BPM.

The Wall Street Journal 2 months ago

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Italy’s UniCredit to buy domestic rival Banco BPM in €10.1B deal

The move pauses speculation that UniCredit was considering a bid for Germany’s Commerzbank. It also foils a plan by the Italian government to boost competition against UniCredit and its peer, Intesa Sanpaolo.

Banking Dive 2 months ago

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Performance Overview

Return	ZZMS.SG	DAX P
YTD	+15.79%	+6.62%
1-Year	+75.70%	+25.15%
3-Year	+146.96%	+37.31%

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Commerzbank AG (ZZMS.SG)

Commerzbank says no talks with UniCredit until specific proposal made

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 on Overnight News

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

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

UniCredit Tapped Citigroup for Commerzbank Hedges Last Month

Germany opposes UniCredit’s move to raise Commerzbank stake

UniCredit pivots back to Commerzbank, increases stake to 28%

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

Commerzbank on The Looming Slowdown in Bank of Canada's Pace of Interest Rate Cuts

Unwelcome in Germany, UniCredit CEO zeroes in on Italy

BPM spurns UniCredit’s takeover bid

Commerzbank Comments on New Zealand's Central Bank 50bps Rate Cut, Currency

European bank stock picks for 2025, according to Deutsche Bank

Commerzbank Previews This Week's Policy Meeting at New Zealand's Central Bank

How M&A is reshaping competition in European banking

UniCredit Makes Surprise $10.5 Billion Bid for Italian Rival

Italy’s UniCredit to buy domestic rival Banco BPM in €10.1B deal

Performance Overview