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unicredit to pursue banco bpm acquisition only on favorable terms
UniCredit's CEO Andrea Orcel stated that the bank will only pursue a buyout of Banco BPM if the terms are favorable, emphasizing the importance of a sensible deal. He confirmed guidance for a 2025 net profit matching last year's record and highlighted the bank's strong performance since 2021, having returned €26 billion to investors. Recent developments have negatively impacted Banco BPM's share price, as the European Central Bank expressed concerns over its acquisition of Anima Holding, affecting investor expectations for a higher premium.
unicredit poised for capital gain from potential comdirect stake sale
UniCredit's CEO Andrea Orcel stated that the bank would realize a capital gain if it sells its stake in Commerzbank. During the annual general meeting, he noted that while hedging the investment limited potential profits, it ultimately protects shareholders and enhances capital position.
Commerzbank completes 400 million euro share repurchase program
Commerzbank AG has successfully completed a EUR 400 million share repurchase program. The bank, a major player in Germany's financial sector, reports that its net banking product is divided into retail and private banking (52.4%), market and investment banking (33.2%), and other services (14.4%). By the end of 2023, Commerzbank managed EUR 419.8 billion in current credits and EUR 298.7 billion in current deposits.
Commerzbank completes 400 million euro share buyback program successfully
Commerzbank has successfully completed its €400 million share buyback program, repurchasing 18,335,008 shares at an average price of €21.81. This initiative is part of a broader capital return plan for 2024, totaling approximately €1.73 billion, which includes share buybacks and a proposed dividend of €0.65 per share. CEO Bettina Orlopp highlighted the bank's commitment to returning capital to shareholders, with a total return of €3.1 billion planned from 2022 to 2024.
Commerzbank completes 400 million euro share buyback to enhance shareholder value
Commerzbank has successfully completed a €400 million share buyback as part of its €1.73 billion capital return strategy for 2024. This initiative aims to enhance shareholder value through increased profitability and a target payout ratio of 100% of net results before restructuring costs. The plan also includes a proposed dividend payment of €733 million.
Commerzbank completes 400 million euro share buyback initiative
Commerzbank AG, a leading German banking group, has completed a share buyback worth EUR 400 million. The bank's net banking product is divided into retail and private banking (52.4%), market and investment banking (33.2%), and other services (14.4%). By the end of 2023, it managed EUR 419.8 billion in current credits and EUR 298.7 billion in current deposits.
no stabilisation carried out for ontex group nv securities offering
BNP Paribas announced that no stabilisation was carried out for the EUR 400 million offer of Ontex Group NV's 5.25% securities due April 2025. The announcement clarifies that the securities are not available for sale in the United States and have not been registered under the U.S. Securities Act.
BNP Paribas reports no stabilisation actions for Ontex Group bonds
BNP Paribas has reported no stabilisation actions for Ontex Group NV's recently issued EUR 400 million securities, which carry a 5.25% yield due in April 2025. The absence of stabilisation measures indicates that the market for these securities remained stable post-issuance. Additionally, the securities are not registered under the U.S. Securities Act of 1933, prohibiting their offer or sale in the United States without proper registration or exemption.
european bank shares decline amid trump's proposed tariffs on vehicles
European bank shares fell sharply following President Trump's announcement of 25% tariffs on foreign-made vehicles and auto parts. UBS led the decline with a 3.8% drop after a downgrade by BofA, while other banks like Deutsche Bank and Société Générale also experienced losses. Despite this setback, the banking sector has seen a 27% rise since the start of the year.
european bank shares decline amid trump tariff announcement and downgrades
European bank shares declined following President Trump's announcement of 25% import tariffs on vehicles and auto parts, with the banking sector down 1.3%. UBS fell 3.8% after a downgrade by BofA, which cited regulatory uncertainties and potential capital requirements of $20-$25 billion. Other banks like Deutsche Bank and Commerzbank also experienced losses, while Handelsbanken dropped 11.7% as it traded ex-dividend. Despite the downturn, banks have seen a 27% increase year to date.
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