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Commerzbank CEO Bettina Orlopp confirmed that there have been no discussions with UniCredit since the European Central Bank approved the Italian lender's potential stake of up to 29.9%. Orlopp noted that their previous meeting was solely an investor-focused event following Commerzbank's capital markets day on February 13. She emphasized her commitment to Commerzbank's standalone strategy while remaining open to any compelling proposals for a combination.
Commerzbank's CEO Orlopp confirmed that there have been no discussions with UniCredit following the ECB's approval for UniCredit to acquire up to 29.9% of Commerzbank. While UniCredit may consider a full takeover next year, Orlopp emphasized her focus on Commerzbank's standalone strategy, noting that their previous meeting was solely for investors.
French banking group Credit Mutuel Alliance Federale is acquiring German lender Oldenburgische Landesbank (OLB) for nearly 2 billion euros, a move that comes as OLB had been considering an IPO. This acquisition, the largest for Credit Mutuel since 2008, will create the 10th largest banking group in Germany by assets, enhancing Credit Mutuel's presence in Europe's largest economy. OLB's shareholders include Apollo Global Management and the Teacher Retirement System of Texas.
Swiss private equity firm Partners Group has sold Greenlink, a 504 megawatt subsea electricity interconnector between Great Britain and Ireland, for an enterprise value of 1 billion euros ($1.09 billion). The transaction was advised by UBS, Clifford Chance, and Arthur Cox.
German executives are rallying behind DWS CEO Stefan Hoops, who warned against the rise of "anti-woke" rhetoric that could lead back to a "Wolf of Wall Street" mentality. His LinkedIn post, which emphasizes zero tolerance for sexual harassment and equal opportunities, has garnered significant support from leaders in the financial sector ahead of the upcoming national election.
Ludwig Burger
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
commerzbank ceo confirms no talks with unicredit after ecb approval
Euro
Commerzbank AG
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Ludwig Burger
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11:47 20.03.2025
commerzbank ceo confirms no talks with unicredit after ecb approval
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Commerzbank AG
UniCredit S.p.A.
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Ludwig Burger
Tom Sims
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10:30 20.03.2025
Credit Mutuel acquires Oldenburgische Landesbank in strategic expansion move
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Oldenburgische Landesbank AG
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David Evans
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07:06 20.03.2025
Partners Group sells subsea electricity interconnector for one billion euros
10:46 17.03.2025
German executives unite against anti-woke rhetoric and macho culture
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Deutsche Bank RV Global PP
Bosch Limited
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Ludwig Burger
Stefan Hoops
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16:25 17.01.2025
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