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Commerzbank's supervisory board established a special committee to evaluate UniCredit's increasing stake in the German bank, meeting five times in 2024. The committee, led by chairman Jens Weidmann, examined the implications of UniCredit's investment and discussed the bank's communications strategy and market developments.
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.
UniCredit chief Andrea Orcel is seeking discussions with Germany's new government regarding a potential takeover of Commerzbank, aiming for clarity by the end of 2025. With elections set for February 23, he emphasizes the importance of government support for the deal, expressing hope for progress by summer.
UniCredit's chief, Andrea Orcel, is seeking clarity on a potential takeover of Commerzbank by the end of 2025, contingent on discussions with Germany's new government following elections on February 23. He emphasized the importance of government support for the deal, expressing hope for progress by summer.
Novartis is closing MorphoSys sites in Germany and the United States, impacting 330 jobs as part of a strategic evaluation of its organizational structure following the acquisition of MorphoSys earlier this year. The company plans to exit the Munich and Boston locations by the end of 2025 and is committed to supporting affected employees.
Novartis is set to close the German biotech company Morphosys, resulting in the loss of 330 jobs. The decision, announced in November 2024, involves shutting down Morphosys sites in Germany and the U.S. by the end of 2025, with all portfolio activities being integrated into Novartis.
Novartis is set to close the German biotech company Morphosys, resulting in the loss of 330 jobs. The decision, announced in November 2024, involves shutting down Morphosys sites in Germany and the U.S. by the end of 2025, with all portfolio activities being integrated into Novartis.
Novartis is set to close the German biotech company Morphosys, impacting 330 jobs, as part of its strategy to integrate all portfolio activities into Novartis. The decision to shut down Morphosys sites in Germany and the U.S. by the end of 2025 was announced in November 2024.
Siemens has proposed Mark Schneider, the former CEO of Nestle and Fresenius SE, as the potential successor to Jim Hagemann Snabe as chairman of its supervisory board by 2027. Snabe, who plans to manage his succession effectively, aims for a transition within two years if re-elected in February 2025. Additionally, Siemens announced a proposed dividend increase to 5.20 euros from 4.70 euros the previous year.
Madeline Chambers
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Commerzbank forms committee to address UniCredit's increasing stake in bank
Euro
Commerzbank AG
UniCredit S.p.A.
ITA
DEU
Tomasz Janowski
Madeline Chambers
Tom Sims
Jens Weidmann
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10:41 26.03.2025
commerzbank ceo confirms no talks with unicredit after ecb approval
Euro
Commerzbank AG
UniCredit S.p.A.
DEU
ITA
Ludwig Burger
Tom Sims
Madeline Chambers
Bettina Orlopp
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11:47 20.03.2025
commerzbank ceo confirms no talks with unicredit after ecb approval
Euro
Commerzbank AG
UniCredit S.p.A.
DEU
Ludwig Burger
Tom Sims
Madeline Chambers
Bettina Orlopp
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10:30 20.03.2025
unicredit seeks clarity on commerzbank takeover plans by end of 2025
UniCredit S.p.A.
Commerzbank AG
DEU
Madeline Chambers
Kirsti Knolle
Olaf Scholz
Friedrich Merz
Andrea Orcel
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15:07 22.01.2025
unicredit seeks clarity on commerzbank takeover plans by end of 2025
Euro
UniCredit S.p.A.
Commerzbank AG
DEU
Madeline Chambers
Kirsti Knolle
Olaf Scholz
Friedrich Merz
Andrea Orcel
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15:07 22.01.2025
Novartis to close MorphoSys sites affecting 330 jobs by 2025
Euro
Novartis AG
USA
DEU
CHE
Madeline Chambers
Friederike Heine
Matthias Williams
Paul Arnold
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12:07 19.12.2024
Novartis to close Morphosys affecting 330 jobs by end of 2025
11:37 19.12.2024
Novartis to close Morphosys affecting 330 jobs by end of 2025
11:20 19.12.2024
novartis to close morphosys affecting 330 jobs by end of 2025
11:20 19.12.2024
siemens proposes mark schneider as supervisory board chairman by 2027
Euro
Nestlé S.A.
Siemens Energy AG
Fresenius SE & Co. KGaA
DEU
Jim Hagemann Snabe
Paul Arnold
Marleen Kaesebier
Madeline Chambers
Mark L. Schneider
Alexander Huebner
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16:10 11.12.2024
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