- Bloomberg
Commerzbank Is Speeding Up CEO Succession After UniCredit Move
(Bloomberg) -- Commerzbank AG is looking to speed up the process to replace Chief Executive Officer Manfred Knof as it contends with a possible takeover approach by rival UniCredit SpA.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughAOC Proposes $30 Billion Social Housing AuthorityNew York City’s Transit System Plans $65.4 Billion of Upgrades for Grand Central, SubwaysTo Build a Happier City, Design for DensityPipe Fire Near Houston Forces Residents to
- Reuters
Exclusive-Commerzbank readies talks with UniCredit but remains defensive
FRANKFURT (Reuters) -Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank's supervisory board meets next week, two people with knowledge of the matter said, as the Italian rival eyes a takeover. UniCredit recently bought a 9% stake in Commerzbank, expressing interest in a merger. The meeting next week would pave the way for exploratory talks between the two to begin.
- Bloomberg
German Ministry Plans to Keep Selling Commerzbank Shares
(Bloomberg) -- The German Finance Ministry is sticking to a plan to sell off its entire stake in Commerzbank AG despite UniCredit SpA’s move to buy all the shares offered last week, according to people familiar with the matter. Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughPipe Fire Near Houston Forces Residents to EvacuateTo Build a Happier City, Design for DensityLondon Mayor Plans to Pedestrianize Busy Oxford StreetAn Artist Reimagines the Spaces
