UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit

• UniCredit lifts Commerzbank exposure to 28%

  Italian bank escalates effort to take over German lender
  
  Financial Times - 4h
• 

  Republicans make inroads in state legislative elections, teeing up high-stakes 2025 races

  Republicans are expanding their footprint in statehouses across the country, reversing Democrats' earlier trend of high-profile wins just a year ago.  In the Midwest, the GOP successfully flipped ...
  
  The Hill - 3d
• 

  Porsche holding company warns of writedown in Volkswagen stake of up to €20bn

  Management and unions at carmaker will hold a fifth round of talks on Monday over planned factory closures and job cuts
  
  Financial Times - 4d
• 

  'Pop-up' super PAC raises eyebrows

  🔔 Plus: Trump at NYSE {beacon} Business & Economy Business & Economy The Big Story  'Pop-up' super PAC funding raises 'serious red flags' An opaque nonprofit entirely funded a shadowy super PAC ...
  
  The Hill - 5d
• 

  Credit Agricole Moves to Raise Banco BPM Stake as UniCredit Circles

  Credit Agricole said it bought financial contracts that could raise its stake in Banco BPM to 15.1% at a time when the Italian bank is being targeted by larger rival UniCredit in a $10 billion-plus ...
  
  The Wall Street Journal - Dec. 9

• Ant Group gets new CEO as billionaire founder Jack Ma talks up AI in rare appearance

  Alibaba and Ant Group co-founder Jack Ma said the AI era over the next 20 years would "exceed everyone's imagination."
  
  CNBC - Dec. 9
• 

  Crédit Agricole lifts stake in Italy’s Banco BPM in blow to UniCredit bid

  French lender’s stake-building comes in wake of €10.1bn takeover offer from Andrea Orcel’s bank
  
  Financial Times - Dec. 6
• 

  Damascus and Assad now in Syrian rebels' sights, raising stakes for president

  The sudden offensive could become the biggest threat to Syria's president in 13 years of civil war.
  
  BBC News - Dec. 6

• UniCredit's Orcel could still sweeten his bid and take on a double M&A offensive

  Divided between two takeover courtships, UniCredit's Andrea Orcel may need to decide between going big abroad or staying home.
  
  CNBC - Dec. 6

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