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UCG Unicredit Spa

35.48
0.695 (2.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unicredit Spa BIT:UCG Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.695 2.00% 35.48 35.30 35.49 35.47 34.88 35.00 6,950,767 17:00:00

UniCredit Seeks out Advisors for Possible Commerzbank Bid -Reuters

14/05/2019 3:28pm

Dow Jones News


Unicredit (BIT:UCG)
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--Italy's UniCredit has approached investment bankers and other advisors for advice on a potential takeover bid of Commerzbank, Reuters reports, citing unnamed sources.

--The Italian lender has engaged the investment bank Lazard including its banker Joerg Asmussen, a former German deputy finance minister, as well as JPMorgan on the matter, Reuters says, noting the timing of a potential bid remains unclear.

--UniCredit's management has "long been interested" in expanding its operations in Germany, Reuters reports, citing the sources.

--At 1357 GMT, shares of Commerzbank traded 4.4% higher on the takeover reports.

 

Full story: https://reut.rs/2YpmFbC

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 14, 2019 10:13 ET (14:13 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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