UniCredit S.p.A. announced on Friday that it has received European Central Bank (ECB) approval to increase its stake in Commerzbank to 29.9%. The authorization allows UniCredit to move closer to acquiring a direct stake, though converting its current 18.5% derivative-held shares requires further...
UniCredit Group said on Tuesday that its total revenue in the fourth quarter of fiscal 2024 amounted to €6 billion, increasing 0.7% on an annual basis. Meanwhile, in the reported three-month period, year over year, net profit tumbled 18.4% to €1.6 billion and earnings per share dropped by 6.7%,...
Although some of the most anticipated global players have already released their fresh financial results, this week investors' attention will turn to some of the leading Asian companies. Namely, SoftBank is expected to unveil its report on Wednesday, followed by Sony, Nissan, and Honda on Thursday.In...
UniCredit increased its stake in Commerzbank to 28% on Wednesday, stating that "substantial value exists within Commerzbank that needs to be crystallized. "The Italian bank, which had recently raised its stake to 21%, announced that this move aligns with its ambition to increase its holding to...
UniCredit S.p.A., one of Italy's leading banking groups, unveiled a partnership with Blackstone Inc. on Wednesday that will introduce the company's private equity fund to its wealthy clients in Italy."We are delighted to broaden our partnership with Blackstone, with BXPE [Blackstone Private Equity...
Banco BPM S.p.A. stated on Tuesday that UniCredit S.p.A.'s offer to acquire it for €10 billion does not reflect the former's bank potential and profitability.The Board of Directors' statement described the terms UniCredit presented in its offer as "unusual" and that the latter's request for a...
UniCredit S.p.A. said on Monday that it decided to offer to buy fellow Italian lender Banco BPM in an all-stock deal worth around €10.1 billion.The Italian lender offered 0.175 of its newly issued shares, which translates to €6.67 per share based on the stock's closing price on Friday, for each BPM...
UniCredit Group unveiled on Wednesday that its total revenue in the third quarter of fiscal 2024 amounted to €6.1 billion, declining 2.9% on an annual basis.Meanwhile, in the reported three-month period, year over year, net profit jumped 8.2% to €2.5 billion, while earnings per share soared 21.8%,...
Commerzbank and Unicredit will hold the first talks on Friday, the recently designated CEO, Berttina Orlopp, said at a conference in London on Thursday."We have a meeting tomorrow," Orlopp explained while adding that they are "open" and will evaluate everything "that is on the...
Germany has expressed opposition to a potential takeover of Commerzbank AG by UniCredit SpA following the Italian bank's surprise move to increase its stake in the lender, the German finance ministry confirmed on Monday."We have taken note of UniCredit's actions—we do not support a takeover,"...
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