Andrea Orcel plots UniCredit’s boldest move yet on Commerzbank
WEBSep 12, 2024 · On Thursday morning, Orcel confirmed that UniCredit was considering increasing its stake and potentially merging with Commerzbank. “We think there is space given fragmentation of the market to ...
UniCredit Investors Back CEO Orcel’s Pursuit of Commerzbank
WEBSep 13, 2024 · Orcel is sitting on as much as €10 billion for potential acquisitions, having reaped the benefits of higher interest rates while cutting costs. Commerzbank currently has a market value of about €18 billion, up from around €15 billion before UniCredit unveiled its stake. While any value creation will depend on the terms of a deal and the ...
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 ...
Unicredit, Commerzbank merger would add value - Orcel - RTÉ
WEB5 days ago · A merger of UniCredit and Commerzbank could add value for all stakeholders and create a stronger bank, UniCredit CEO Andrea Orcel told a German newspaper today, adding a decision was in the hands ...
Orcel Reiterates UniCredit Will Be Active Commerzbank Investor
WEB5 days ago · UniCredit SpA Chief Executive Officer Andrea Orcel said he intends to play an active role in Commerzbank AG’s strategy after becoming a major investor, reiterating a stance he outlined in a ...
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 ...
The Suave Italian Banker Who Wants to Be the Jamie Dimon of …
WEB6 days ago · 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 ...
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...
How Andrea Orcel Transformed UniCredit: Full Interview
WEBNov 30, 2023 · UniCredit CEO Andrea Orcel spoke exclusively with Bloomberg's Francine Lacqua in London. Orcel, who once headed UBS’s investment bank, is one of the region’s most prominent bankers, and has...
UniCredit's Orcel takes aim at Europe's banking borders with ...
WEB2 days ago · Mr. Andrea Orcel is Chief Executive Officer at UBS AG (London Branch) and UBS Ltd., and President-Investment Bank at UBS Group AG. He is on the Board of Directors at UBS Ltd. and UBS Americas Holding LLC. He became a member of UBS Group Executive Board in July 2012 and was co-CEO of the Investment Bank from July to November 2012.