Banking
Commerzbank and UniCredit hold second round of investor talks, source says
Global Banking & Finance Review®
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BERLIN (Reuters) -Commerzbank and UniCredit held a round of investor talks this week, a person briefed on the matter said on Friday, the second such interaction since Italy’s No. 2 bank disclosed in September that it had snapped up a significant stake in the German lender.
BERLIN (Reuters) -Commerzbank and UniCredit held a round of investor talks this week, a person briefed on the matter said on Friday, the second such interaction since Italy’s No. 2 bank disclosed in September that it had snapped up a significant stake in the German lender.
Commerzbank CEO Bettina Orlopp was on the call, but not her counterpart at UniCredit, Andrea Orcel, the person said on condition of anonymity.
It was not immediately clear who represented UniCredit. A spokesperson for UniCredit was not immediately available for comment.
The person said the discussion focused on Commerzbank’s earnings in the third quarter.
Handelsblatt first reported that the call took place and that a possible tie-up was not discussed.
Orlopp said last week that an investor call with UniCredit would take place soon.
The first such talk was in September.
(Reporting by Tom Sims, Miranda Murray and Valentina Za; Editing by Sarah Marsh, Sabine Wollrab and Louise Heavens)
Financial markets are platforms where buyers and sellers engage in the trading of assets such as stocks, bonds, currencies, and derivatives. They facilitate the flow of funds and price discovery.
An investor call is a conference call or meeting where company executives discuss financial performance, strategies, and other relevant information with investors and analysts.
A significant stake refers to a large ownership percentage in a company, often enough to influence decisions or operations. It typically indicates a substantial investment by an individual or entity.
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