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UniCredit CEO rules out public takeover bid for Commerzbank - paper

REFILE-UniCredit CEO rules out public takeover bid for Commerzbank - paper Adds name of CEO Orcel, no changes to text ROME, Sept 19 (Reuters) - Unicredit CRDI.MI Chief Executive ruled out a takeover bid for German peer Commerzbank CBKG.DE as it would be an "aggressive move", the executive said in an interview to Italian daily Il Messaggero published on Thursday.
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Italy - Factors to watch on September 19

Italy - Factors to watch on September 19 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy's economy can grow by 1% this year in line with a government forecast made in April, Prime Minister Giorgia Meloni said on Wednesday.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Commerzbank, CVC Updates: Rogers Communications, Organon Sept 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2035 GMT on Wednesday: ** Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said, as the Italian rival eyes a takeover.
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Italy in favour of UniCredit-Commerzbank deal as long as HQ stays in Italy

UPDATE 2-Italy in favour of UniCredit-Commerzbank deal as long as HQ stays in Italy Adds details from sources, background By Giuseppe Fonte ROME, Sept 18 (Reuters) - Italy's government sees favourably UniCredit's CRFDI.MI efforts to build a large European banking group through a merger with Germany's Commerzbank CBKG.DE as long as the Milanese bank keeps its central functions in Italy, sources close to the matter said.
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Commerzbank readies talks with UniCredit but remains defensive

EXCLUSIVE-Commerzbank readies talks with UniCredit but remains defensive UniCredit snapped up stake, eyes takeover Commerzbank's CFO set to lead talks German lender opposes tie-up Updates with Italian government position in paragraph 23 By John O'Donnell and Tom Sims FRANKFURT, Sept 18 (Reuters) - Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said,
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Italy in favour of UniCredit-Commerzbank deal as long as HQ stay in Italy

Italy in favour of UniCredit-Commerzbank deal as long as HQ stay in Italy ROME, Sept 18 (Reuters) - Italy's government sees favourably UniCredit's CRFDI.MI efforts to build a large European banking group through a merger with Germany's Commerzbank CBKG.DE as long as the Milanese bank keeps its central functions in Italy, sources close to the matter said.
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Intesa CEO says Commerzbank move makes sense for UniCredit, but we're different

Intesa CEO says Commerzbank move makes sense for UniCredit, but we're different MILAN, Sept 18 (Reuters) - UniCredit's investment in German rival Commerzbank is consistent with an "excellent" geographic diversification strategy, the chief executive of Italy's top lender Intesa Sanpaolo said on Wednesday, adding that his bank had a different approach.
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Germany's Commerzbank has a bumpy history with big M&A

TIMELINE-Germany's Commerzbank has a bumpy history with big M&A Updates timeline originally published on Sept. 11 with latest developments By Tom Sims FRANKFURT, Sept 18 (Reuters) - Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said, as the Italian rival considers a takeover.
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Commerzbank readies talks with UniCredit but remains defensive

EXCLUSIVE-Commerzbank readies talks with UniCredit but remains defensive UniCredit snapped up stake, eyes takeover Commerzbank's CFO set to lead talks German lender opposes tie-up Adds graphic By John O'Donnell and Tom Sims FRANKFURT, Sept 18 (Reuters) - Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said, as the Italian rival eyes a takeover.
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Commerzbank readies talks with UniCredit but remains defensive

EXCLUSIVE-Commerzbank readies talks with UniCredit but remains defensive UniCredit snapped up stake, eyes takeover Commerzbank's CFO set to lead talks German lender opposes tie-up Adds detail, background By John O'Donnell and Tom Sims FRANKFURT, Sept 18 (Reuters) - Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said, as the Italian rival eyes a take
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Germany still examining how to proceed with Commerzbank, says ministry

Germany still examining how to proceed with Commerzbank, says ministry BERLIN, Sept 18 (Reuters) - The German government is still examining how it plans to proceed with Commerzbank CBKG.DE , a finance ministry spokesperson said on Wednesday. Italy's Unicredit CRD.MI took a 9% stake in Commerzbank last week, catching German authorities off guard and getting a hostile reception from local management, who want to fend off any takeover attempt.
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Any UniCredit/Commerzbank merger must create competitive lender, Bundesbank chief says

Any UniCredit/Commerzbank merger must create competitive lender, Bundesbank chief says FRANKFURT, Sept 18 (Reuters) - Any merger of Commerzbank CBKG.DE and UniCredit CRDI.MI must create a competitive institution robust enough to support German economic growth, Bundesbank chief Joachim Nagel said on Wednesday. Italy's second-largest bank took a 9% stake in Commerzbank last week, catching German authorities off guard and getting a hostile reception from local management, who want to fend off any t
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Commerzbank readies talks with UniCredit, seeking to stay independent

EXCLUSIVE-Commerzbank readies talks with UniCredit, seeking to stay independent UniCredit snapped up stake, eyes takeover CFO will lead talks with suitor UniCredit, sources say Commerzbank remains sceptical of any tie-up Adds detail on CEO paragraph 6, background from paragraph 8-16 By John O'Donnell and Tom Sims FRANKFURT, Sept 18 (Reuters) - Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week
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Commerzbank poised to put CFO Orlopp in charge of talks with UniCredit, sources say

EXCLUSIVE-Commerzbank poised to put CFO Orlopp in charge of talks with UniCredit, sources say Adds detail, background By John O'Donnell and Tom Sims FRANKFURT, Sept 18 (Reuters) - Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said.
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Commerzbank poised to put CFO Orlopp in charge of talks with UniCredit, sources say

EXCLUSIVE-Commerzbank poised to put CFO Orlopp in charge of talks with UniCredit, sources say By John O'Donnell and Tom Sims FRANKFURT, Sept 18 (Reuters) - Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said.
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Barclays sees limited downside to Commerzbank's stock, ups to 'equal weight'

BUZZ-Barclays sees limited downside to Commerzbank's stock, ups to 'equal weight' ** Barclays upgrades its rating on Commerzbank CBKG.DE to "equal weight" from "underweight", saying the upside and downside risks are now more balanced after UniCredit CRDI.MI took a 9% stake ** The broker notes Commerzbank's stock is up around 24% since the announcem
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Europe before the bell: The Fed, Middle East and UK CPI

LIVE MARKETS-Europe before the bell: The Fed, Middle East and UK CPI Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE BEFORE THE BELL: THE FED, MIDDLE EAST AND UK CPI European shares were set for a softer start on Wednesday with a highly anticipated rate cut by the Fed monopolising traders' attention, overshadowing risks of an escalation of Middle East tensions following de
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Italy - Factors to watch on September 18

Italy - Factors to watch on September 18 . The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . DEBT The Italian Treasury said it would sell 3 billion euros' ($3.34 billion) worth of three BTP bonds in a tap issuance for specialists, to be held on Wednesday.
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German ministry denies report it is committed to selling Commerzbank stake

UPDATE 1-German ministry denies report it is committed to selling Commerzbank stake Adds German finance ministry denying the report Sept 17 (Reuters) - The German finance ministry denied a report by Bloomberg News on Tuesday saying it remained committed to selling its entire stake in Commerzbank CBKG.DE despite UniCredit's CRDI.MI interest in potentially buying the lender.
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German government should hold onto Commerzbank stake and reflect calmly, CFO says

UPDATE 1-German government should hold onto Commerzbank stake and reflect calmly, CFO says Adds context in paragraph 2, more comments from paragraph 4 BERLIN, Sept 17 (Reuters) - The German government should hold onto its Commerzbank CBKG.DE share and reflect calmly on the situation, the German lender's finance chief said on Tuesday. UniCredit CRDI.MI bought last week a 9% stake in one of Germany's largest banks but Berlin still owns a 12% stake in the lender.
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