Loading…
Loading…
Berlin will push for Commerzbank to retain its German identity with a domestic stock market listing and to protect jobs, two people familiar with the matter said, as the bank prepares for a takeover by Italy's UniCredit.
UniCredit has received the European Central Bank's authorisation to apply more favourable rules known as the 'Danish Compromise' to calculate the impact of its insurance holdings on its capital reserves, the Italian lender said on Tuesday.
Germany's tilt towards a deal with UniCredit's CEO Andrea Orcel to take over Commerzbank, after years of his manoeuvring, could prompt other European nations and banks to warm to further banking consolidation.
German Finance Minister Lars Klingbeil plans to meet UniCredit CEO Andrea Orcel, government sources told Reuters, in a first sign that Berlin is willing to engage directly with the Italian bank over its Commerzbank bid.
Commerzbank's supervisory board chair, Jens Weidmann, has called for a review of Germany's takeover rules, saying UniCredit was able to secure control of the lender without offering shareholders an adequate premium, a newspaper reported on Sunday.
The article provides a methodology for selecting high-growth dividend-paying stocks, focusing on dividend growth and sustainability rather than high current yield. We use our proprietary models to rate both quantitatively and qualitatively and select the top 10 names from an initial list of nearly 500 dividend stocks. The final list of ten stocks is chosen based on sector diversity, high-growth quality scores, and positive momentum and is suitable for investors in the accumulation phase.
UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY - Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 198,704 shares, a growth of 78.4% from the July 15th total of 111,388 shares. Currently, 0.0% of the shares of the stock
The ECB is leaning towards approving UniCredit's takeover of Germany's Commerzbank , an internal document detailing its preliminary view of the Italian bank's attempt to create one of Europe's largest lenders shows.
No recent filings indexed.