Latest News for UNCFF
Italy's UniCredit wins ECB approval to control Germany's Commerzbank
Italian bank UniCredit has sought EU antitrust approval for its takeover of German peer Commerzbank , with regulators setting a November 16 deadline for their decision, according to a European Commission filing on Friday.
President Vladimir Putin has approved the reorganisation of the Russian subsidiary of Italy's UniCredit and the subsequent sale of the newly created unit, according to a decree published on the Russian government's website on Monday.
Berlin expects UniCredit to make clear commitments on jobs and Germany as a business location, government sources said on Tuesday, as the Italian lender moves closer to taking control of Commerzbank.
UniCredit CEO Andrea Orcel is preparing to take control of Commerzbank and overhaul its supervisory board as early as January, the Financial Times reported on Tuesday, citing people familiar with the matter.
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