Banking’s Ultimate Dealmaker Orcel Runs Into German Resistance
WEB13 hours ago · September 22, 2024 at 3:00 AM EDT. Save. Andrea Orcel’s audacious move on Commerzbank AGcaught many in Germany unawares. On Friday, Berlin hit back. The government’s announcement it won’t ...
Banking’s Ultimate Dealmaker Orcel Runs Into German Resistance
WEBSonia Sirletti. Andrea Orcel ’s audacious move on Commerzbank AG caught many in Germany unawares. On Friday, Berlin hit back. The government’s announcement it won’t sell any more shares in the lender effectively shuts down — for now — any ambitions UniCredit SpA may harbor for a full takeover of Germany’s second-largest listed lender.
UniCredit CEO Andrea Orcel’s Commerzbank Share Deal Opens …
WEBSep 11, 2024 · It was a moment Andrea Orcel, chief executive officer of UniCredit SpA, had also been anticipating. On Wednesday, UniCredit revealed that it now owned 9% of Commerzbank, adding all the shares ...
Andrea Orcel Is Back Shaking Up German Banking, This Time as …
WEBSep 11, 2024 · Working at Merrill Lynch & Co in 2005, Orcel advised the Italian bank on its €19.2 billion takeover of HVB Group, Europe’s biggest-ever cross-border banking takeover at the time. Have a ...
UniCredit’s Andrea Orcel swoops on Commerzbank - Financial …
WEBSep 11, 2024 · Berlin’s announcement last week that it was planning to sell down its remaining 16.5 per cent stake in Commerzbank appears to have paved the way for UniCredit’s chief executive Andrea Orcel to...
Spanish court upholds Andrea Orcel’s Santander claim but cuts …
WEBFeb 6, 2023 · A Madrid court has upheld Andrea Orcel’s multimillion-euro lawsuit against Santander but cut the amount the bank has to pay by €8mn, in the latest twist in the long-running battle between...
UniCredit’s Andrea Orcel plays a bold hand, with Commerzbank
WEBSep 12, 2024 · UniCredit’s Andrea Orcel plays a bold hand, with Commerzbank in his sights. On Wednesday, UniCredit revealed it had built a 9% stake in Frankfurt-based counterpart Commerzbank. Now speculation...
Can Andrea Orcel solve UniCredit’s big strategic question?
WEBJun 3, 2024 · When Andrea Orcel fired the head of UniCredit’s Italian business in 2022, the chief executive replaced him with the only person he trusted to do the job properly: himself. Even for a...
The Suave Italian Banker Who Wants to Be the Jamie Dimon of …
WEBSep 15, 2024 · Bloomberg News. Andrea Orcel made his name helping banks choose the moment to pounce on a rival. Last week, the CEO of Italy’s deal-hungry UniCredit UCG -0.78% made his own move on Germany’s ...
Analysis-UniCredit's Orcel takes aim at Europe's banking borders …
WEB3 days ago · FRANKFURT (Reuters) – For decades, Andrea Orcel was the ‘rainmaker’ who CEOs turned to for advice on the big deals that reshaped the banking landscape. Now, as UniCredit chief executive, the ...
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