* UniCredit made bid for smaller rival Banco BPM last month * Move followed BPM announcing bid for Anima, stake in MPS * UniCredit CEO Orcel fighting on two fronts * Puts Orcel's M&A credentials to test as BPM shares soar By Valentina Za and Giuseppe Fonte MILAN, Dec 11 - UniCredit CEO Andrea Orcel has been drawing up plans …
-- UniCredit SpA and Credit Agricole SA will discuss a crucial distribution agreement between the two companies when their top executives come together in the coming weeks to debate the Italian bank’s takeover bid for a domestic rival. The meeting, which the two sides are currently trying to schedule, will focus on UniCredit’s attempt to buy Banco BPM SpA, a …
German Chancellor Olaf Scholz attends Startup Germany Summit, in Berlin, Germany, Sept 17, 2024. German Chancellor Olaf Scholz has voiced concern about a potential "hostile takeover" of Commerzbank, following the announcement that Italy's UniCredit had substantially increased its stake in Germany's second-largest bank. Scholz issued a warning to UniCredit against any "unfriendly "maneuvers in the wake of the Italian bank's …
A Russian court has ruled that Deutsche Bank and UniCredit's assets in the country are to be seized, documents showed. A court in Saint Petersburg ruled in favour of seizing 239 million euros from Deutsche Bank, documents dated May 16 showed. Deutsche Bank said it would "need to see how this claim is implemented by the Russian courts and assess …
Freezing hundreds of billions of dollars in lenders’ assets was part of dispute over gas project halted by sanctions. A Russian court has ordered the seizure of the assets, accounts, property and shares of Deutsche Bank and Commerzbank in the country as part of a lawsuit involving the German banks, court documents showed. The court also seized the assets of …
