UniCredit S.p.A.

UCG

IT0005239360

Banks

Real-time Borsa Italiana Other stock markets 16:00:26 08/07/2025 BST			5-day change	1st Jan Change
58.27 ^EUR	+1.60%		+4.36%	+51.51%

02:51pm	EU Commission to Rebuke Italy's Conditions on UniCredit-Banco BPM Deal	MT
12:37pm	UniCredit, BPM shares up on report Italy will have to drop merger conditions	RE

UniCredit CEO Orcel Writes to Merz Over Commerzbank Bid - Report

Published on 02/07/2025 at 16:35

UniCredit is continuing to press its case for a potential acquisition of Commerzbank, having sent letters last month to German Chancellor Friedrich Merz and two other members of the Berlin government in support of its proposal.

According to Süddeutsche Zeitung, which reports having seen the correspondence, the letters are dated June 18 and were also addressed to Finance Minister Lars Klingbeil and another official in the chancellery.

Among the messages sent, the newspaper adds, UniCredit CEO Andrea Orcel reportedly emphasized that the German government could decide where to locate Commerzbank's headquarters.

UniCredit was not immediately available for comment.

(Italian version by Andrea Mandalà, editing by Gianluca Semeraro)

Go to the original article.
Legal disclaimer

Stocks mentioned in the article

	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.	58.28EUR	+1.62%	+4.36%	105B
	COMMERZBANK AG	29.94EUR	+4.63%	+12.28%	39.62B

Latest news about UniCredit S.p.A.

EU Commission to Rebuke Italy's Conditions on UniCredit-Banco BPM Deal	02:51pm	MT
UniCredit, BPM shares up on report Italy will have to drop merger conditions	12:37pm	RE
Banco BPM Surges on EU Challenge to Italy's Golden Power Over UniCredit Bid	12:22pm	RE
EU Set to Reject Italian Government's Golden Power Conditions on UniCredit-BPM Deal	11:30am	AN
EU to warn Italy it overstepped on UniCredit's Banco BPM deal - Bloomberg News	10:50am	RE
DIARY - Italy to Aug. 31	10:28am	RE
Italy - Factors to watch on July 8	06:50am	RE
UniCredit's Bulgarian Arm Signs EUR2 Billion Risk-sharing Deal with Dutch Pension Asset Manager	04:24am	MT
UNICREDIT SPA : JP Morgan keeps its Buy rating	07-07	ZD
Indices Hover Around Parity at Midday	07-07	AN
UniCredit Bulbank and PGGM Complete EUR 2.1 Billion SRT Transaction	07-07	AN
FTSE Mib Opens Slightly Higher, Led by Generali	07-07	AN
European Futures Tread Water as Tariff Deadline Looms	07-07	AN
Italy - Factors to watch on July 7	07-07	RE
Decisive Week for UniCredit's OPS on Banco BPM	07-07	AN
MPS, Eight Weeks to Reach Piazzetta Cuccia	07-07	AN
UniCredit Trims Shareholding in Generali	07-06	MT
Bank of Italy selects 4 systemic risk countries for lenders, including Russia	07-04	RE
European Markets Weaken Amid Tariff Uncertainty	07-04	AN
UniCredit S.p.A. Presents at Goldman Sachs 29th Annual European Financials Conference, Jun-11-2025 08:45 AM	07-04
Commerzbank Vice Chair to Orcel: Sell Your Shares and Go Home	07-04	RE
Commerzbank official tells UniCredit CEO to sell and go home	07-04	RE
Commerzbank official tells UniCredit CEO to sell and go home	07-04	RE
European Markets Decline Amid US Tariff Uncertainty	07-04	AN
Monte dei Paschi says owning 35% of Mediobanca would be enough	07-04	RE

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.

View full profile

Chart UniCredit S.p.A.

Duration

Period

UCG: Dynamic Chart

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 (50.6%): leasing, factoring, stock transactions, participation in the rate, exchange, stock and derivative markets, stock exchange intermediation, etc.; - retail banking (48.9%); - other (0.5%). At the end of 2024, the group managed EUR 499.5 billion in deposits and EUR 418.4 billion in loans. Products and services are marketed through a network of 3,039 branches located primarily in Italy (1,943). Income (including intragroup) is distributed geographically as follows: Italy (44.9%), Germany (21.6%), Central Europe (17.1%), Eastern Europe (11.4%) and Russia (5%).

Employees

69,294

Sector

Banks

Calendar

07-22 - Q2 2025 Earnings Release

More about the company