UniCredit views Commerzbank as an unattractive deal target, Orcel rules out a merger, and Banco Santander surpassed UBS as Europe's most valuable lender.
1 report, 0 independent
Updated Jul 1
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What happened
UniCredit views Commerzbank as an unattractive deal target, Orcel rules out a merger, and Banco Santander surpassed UBS as Europe's most valuable lender.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- UniCredit's CEO is engaged in takeover talks, including meetings with the German Finance Minister.Sub-event
- Andrea Orcel is pursuing a takeover of Commerzbank in Germany.Sub-event
- UniCredit rejected the takeover bid for Commerzbank shares.Sub-event
- UniCredit rejects Commerzbank deal; Santander overtakes UBS in European lender valuation.
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The entities involved
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Commerzbank AG
major commercial bank
Nothing else this week.
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UBS
Swiss multinational investment bank and financial services company
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UniCredit
Italian global banking and financial services company
Nothing else this week.
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Santander Group
Spanish multinational company
Nothing else this week.
Related events
- UniCredit announces major financial moves, including rejecting an offer to buy Commerzbank shares and planning to issue convertible bonds, amid geopolitical risk assessment in Europe.
- Both UBS and Goldman Sachs are part of an underwriting syndicate.
- Commerzbank AG and Independent Bank are competing as finance companies for investment.
Coverage
Newest first; wire copies grouped- Unknown outlet