Close Menu
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
Facebook X (Twitter) Instagram
Gazet International – Global Magazine
AWARD NOMINATION
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
You are at:Home » Commerzbank and UniCredit shares rise further as Orcel unveils plans
Banking

Commerzbank and UniCredit shares rise further as Orcel unveils plans

Gazet InternationalBy Gazet InternationalSeptember 12, 2024Updated:January 23, 20252 Mins Read
Facebook Twitter LinkedIn
Share
Facebook Twitter LinkedIn

Andrea Orcel, CEO of the Italian bank UniCredit, outlined aspirations to acquire more of its German rival or potentially take it over. As a result, Commerzbank and UniCredit shares increased in value on Thursday, fueling speculation about potential dealmaking in the sector.

As of 08:45 GMT, Commerzbank’s shares had increased by 2.6%. Orcel stated on Bloomberg TV that he would be open to purchasing the remaining 12% of Commerzbank Germany’s government ownership under the right conditions. He also expressed interest in a potential merger. UniCredit saw a 2% increase.

Commerzbank

In a note to clients on Thursday, analysts at JPMorgan, including Kian Abouhossein, stated, “We would expect more newsflow on European bank M&A going forward, which could be a positive for valuations for banks that have historically been seen as targets.”

“Banking sector M&A historically has been triggered by momentum from deals being announced.”

Analysts predict that a purchase expanding UniCredit’s German business from a regional to a national level would boost the company’s earnings. They emphasize that this move will particularly benefit the nation’s small- and medium-sized businesses.

But there could be political obstacles as well as dangers associated with Orcel’s strategy.

“We note that any M&A talks could still fail on price, lack of government support, prospects of execution risks in particular on cost savings,” JPMorgan analysts said in a report.

“Also, we do not think that Italy M&A is completely off the table and depending on share price moves, could still represent a potential alternative to Commerzbank acquisition,” they added.

During the interview on Thursday, Orcel stated that his bank would want to merge with Commerzbank or might reduce or grow its stake in the latter.

In early trade, the STOXX 600 banks index for Europe was up 1.5%.

Click here for more Banking news.

Source
#BANKING #Commerzbank #FINANCE #GAZETINTERNATIONAL #GI #GIAWARDS #IndustryTrends #MergersAndAcquisitions #UniCredit
Share. Facebook Twitter LinkedIn
Previous ArticlePGIM opens an office in Abu Dhabi, joining the influx of money managers flocking to the UAE capital
Next Article Boeing workers set to strike following a 96% vote in favor of a walkout

Related Posts

Singapore banks face a dilemma: their high capital is both a strength and a potential drag.

May 31, 2025

Global companies report over $34 billion in costs and lost sales due to Trump’s tariffs, with figures still rising.

May 31, 2025

Sources indicate OPEC+ might boost July oil output by more than 411,000 bpd.

May 31, 2025
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn
Don't Miss

DhanSafal Finserve Limited Reports Strong Retail MSME Lending Growth, achieves 339 percent AUM Growth and Expands Geographical Footprint​

Chandigarh University Uttar Pradesh to Play Key Role in FinTech & Banking Education with Industry Collaborations for Practical Learning: TCS Sr. Consultant, Ambrish Srivastava​

Sector 89 is Gurugram’s Hottest Property Destination in 2025​

India’s Magic Masala is Here – FMCG Product Launch Madras Magic Masala​

Recent Posts
  • DhanSafal Finserve Limited Reports Strong Retail MSME Lending Growth, achieves 339 percent AUM Growth and Expands Geographical Footprint​
  • Chandigarh University Uttar Pradesh to Play Key Role in FinTech & Banking Education with Industry Collaborations for Practical Learning: TCS Sr. Consultant, Ambrish Srivastava​
  • Sector 89 is Gurugram’s Hottest Property Destination in 2025​
  • India’s Magic Masala is Here – FMCG Product Launch Madras Magic Masala​
  • Preparing for the AI-Driven Economy: How The Apollo University’s M.Tech in Data Science is Shaping the Future of Data-Driven Industry Leaders​
Recent Comments
    Archives
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • October 2023
    • September 2023
    • January 2021
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    About

    GAZET INTERNATIONAL


    Gazet International Magazine is a global entity that works towards providing latest information and news updates of the world. It entraps latest stories in banking, finance, lifestyle and various beats of the world. We engage in recognizing and rewarding the global organizations for their achievements in various fields and deliver justice to the nominees with valued identification and recognition of companies that indulge in the Gazet Award Ceremony.

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Latest posts
    Corporate

    Dutch court reviews Shell’s appeal on climate ruling

    April 2, 2024
    Finance and Investing

    Asian stocks rise as rate cut expectations fade, strengthening the dollar

    April 2, 2024
    Business

    China’s Xiaomi sees $7.6 billion market boost with EV launch

    April 2, 2024
    Business

    Prestige Estates of India seals $240 million real estate deal with ADIA, Kotak AIF

    April 1, 2024
    Previous 1 … 710 711 712 713 714 … 783 Next
    Official Partner

    7ITS NEWS

    Copyright © 2025. Gazet International

    Type above and press Enter to search. Press Esc to cancel.