Commerzbank Shares Surge 17 5 As Unicredit Buys 4 5 Stake From German Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 45% stake in the Frankfurt-based lender from German government Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 45% stake in the Frankfurt-based lender from the German government The stake acquisition marks the
Unicredit Buys Commerzbank Stake From Germany Rekindling Merger Italy's UniCredit said on Wednesday that it had acquired a 9% stake in Germany's Commerzbank and will "explore value creating opportunities for all stakeholders in both banks" Commerzbank shares jump 175% as UniCredit buys a 45% stake from the German government, marking the first step in Berlin's exit from the lender Italian lender’s purchase of 9% stake in German rival could signal start of long-awaited banking consolidation If UniCredit is close to acquiring Commerzbank, it’s not just the result of a quick and crafty deal in the equities market It comes after years buying back more shares Despite this, UniCredit’s
Commerzbank Shares Jump 17 After Unicredit Buys 4 5 Stake From T Italian lender’s purchase of 9% stake in German rival could signal start of long-awaited banking consolidation If UniCredit is close to acquiring Commerzbank, it’s not just the result of a quick and crafty deal in the equities market It comes after years buying back more shares Despite this, UniCredit’s UniCredit has bought 99% of Commerzbank partly through a block trade, founder sells his Jet2 stake and natural resources company raises capital for growth M&A UniCredit's opening gambit in a takeover play for Commerzbank has rekindled a debate about the future of German banking, prompting Berlin to pause selling shares in the lender and turning the Commerzbank shares jumped 17% in early trade, while UniCredit shares were up 13% at 0815 GMT The purchase by Italy's No 2 bank of the stake in Germany's No 2 UniCredit, which is flush with Opposition to the deal is more likely to come from Germany, where consolidation could reduce the banking options available to companies and individuals, and trade unions have already begun fighting a
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