UniCredit S.p.A.

UCG

IT0005239360

Banks

Market Closed - Borsa Italiana Other stock markets 11:45:00 2025-02-14 am EST			5-day change	1st Jan Change
46.86 ^EUR	+1.57%		-0.35%	+21.64%

Feb. 15	Bank of Italy chief says M&A supervision "not a talk show"	RE
Feb. 15	Outcome of Italy's bank M&A wave to be decided by investors, cenbank says	RE

Unicredit, Orcel hopes clarity on Commerzbank by end of 2025

January 22, 2025 at 09:19 am EST

BERLIN (News) - UniCredit CEO Andrea Orcel wants to discuss the planned takeover of Commerzbank with the new German government and hopes to have clarification by year-end, he said in an interview with German daily Faz.

Germany will go to a vote on Feb. 23, and according to polls, conservative chancellor candidate Friedrich Merz could succeed Social Democrat Olaf Scholz, who is against the deal.

"Without the support of an important institution like the German government, it will be difficult," Orcel said. "I hope we will know something by the summer. Overall, we should have answers by the end of the year at the latest."

(Translated by Alessandro Parodi, editing Francesca Piscioneri)

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	UNICREDIT S.P.A.	46.86EUR	+1.57%	-0.35%	76.37B
	COMMERZBANK AG	19.59EUR	+1.35%	+3.87%	24.38B

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Latest news about UniCredit S.p.A.

Bank of Italy chief says M&A supervision "not a talk show"	Feb. 15	RE
Outcome of Italy's bank M&A wave to be decided by investors, cenbank says	Feb. 15	RE
Moody's views new Commerzbank targets as credit positive	Feb. 14	RE
Milan stock exchange little moved, good Unipol, UniCredit, down Telecom Italia	Feb. 14	RE
PRESS DIGEST- Wall Street Journal - February 14	Feb. 14	RE
Delfin pressuring Generali, request to rise to 20 percent	Feb. 14	AN
European companies cut jobs as economy slows	Feb. 13	RE
KBC considering acquisitions in Central and Eastern Europe, CEO says	Feb. 13	RE
Breakingviews-New Commerzbank plan could help UniCredit	Feb. 13	RE
Telecom Italia Taps Unicredit For Advice As Suitors Circle- Bloomberg News	Feb. 13	RE
Verdi supports job cuts at Commerzbank	Feb. 13	DP
UNICREDIT SPA : Deutsche Bank is Neutral	Feb. 13	ZD
Commerzbank CEO Convinced Of Independent Strategy	Feb. 13	RE
Verdi Union On Commerzbank We Reject Unicredit's Advances And "Made In Milan" Strategy	Feb. 13	RE
Generali, Delfin may soon rise to 20 percent, "ready to round up share" - Milleri	Feb. 13	RE
Defensive battle at Commerzbank - thousands of jobs lost	Feb. 13	RE
Commerzbank Plans to Cut 3,900 Full-time Positions by FY28	Feb. 13	MT
Key elements of Commerzbank's strategy update as it fends off UniCredit	Feb. 13	RE
Commerzbank to cut 3,900 jobs, mainly in Germany, as it fends off UniCredit	Feb. 13	RE
Commerzbank to cut 3,900 jobs, mainly in Germany	Feb. 13	RE
Commerzbank cuts 3,900 jobs	Feb. 13	DP
Commerzbank To Cut 3,900 Jobs By 2028, Mainly In Germany	Feb. 13	RE
Key elements of Commerzbank's strategy update as it fends off UniCredit	Feb. 13	RE
Italy - Factors to watch on Feb. 13	Feb. 13	RE
Commerzbank presents plan - Will there be major job cuts?	Feb. 12	DP

Andrea Orcel

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. In January 2016, he was appointed Senior Officer Outside of Australia for UBS Australia Branch, and since December 2014, he has additionally held the position as Chief Executive for UBS Limited and UBS AG London Branch. He joined UBS from Bank of America Merrill Lynch, where he had been Executive Chairman Investment Bank since 2009, President of Emerging Markets (excluding Asia) since 2010 and CEO of European Card Services since 2011. Prior to the acquisition of Merrill Lynch by Bank of America, Mr. Orcel was a member of Merrill Lynch’s global management committee and Head of Global Origination, which combined Investment Banking and Capital Markets. He held a number of other leadership positions, including President of Global Markets & Investment Banking for Europe, Middle East and Africa (EMEA) and Head of EMEA Origination beginning in 2004. Between 2003 and 2007, he led the Global Financial Institutions Group, of which he had been part since joining Merrill Lynch in 1992. Mr. Orcel holds an MBA from INSEAD and a degree in Economics and Commerce, summa cum laude, from the University of Rome.

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Company Profile

UniCredit S.p.A. is one of the leading European banking groups. Income breaks down by activity as follows: - corporate, investment, finance and market banking (51%): leasing, factoring, stock transactions, participation in the rate, exchange, stock and derivative markets, stock exchange intermediation, etc.; - retail banking (49%). At the end of 2023, the group managed EUR 474.4 billion in deposits and EUR 409.5 billion in loans. Products and services are marketed through a network of 3,082 branches located primarily in Italy (1,950). Income (including intragroup) is distributed geographically as follows: Italy (44.7%), Germany (22.3%), Central Europe (17.5%), Eastern Europe (10.7%) and Russia (4.8%).

Employees

70,752

Sector

Banks

Calendar

2025-04-10 - Shareholders Meeting

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