Southern Europe/Economy/Italian bank makes takeover bid for German rival, drawing political opposition

Italian bank makes takeover bid for German rival, drawing political opposition

Mar 17, 20266 sources

org:unicreditorg:commerzbank

Summary

Italy's UniCredit has made a takeover bid for Germany's Commerzbank, valuing the German bank at around 35 billion euros. The move has drawn opposition from Germany's ruling SPD party, which has rejected the proposed takeover.

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Italian bank makes takeover bid for German rival Commerzbank

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Source Headlines

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Germany’s Ruling SPD Rejects UniCredit Takeover of Commerzbank

Mar 16

Italy’s UniCredit Makes Takeover Bid for Germany’s Commerzbank

Mar 16