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COMMERZBANK IN CONTACT WITH GERMAN REGULATOR ON UNICREDIT STAKE BUILDUP
Commerzbank is in contact with German regulator BaFin about recent disclosures by Italy's UniCredit about the take-up of its tender offer for the German lender, according to a notice to staff seen by Reuters on Wednesday. The message to staff on Tuesday said UniCredit's communication appeared to be misleading, asserting that it wasn't "economically rational" for investors to have tendered a cumulative stake of 7.58%, as reported by UniCredit, given that the Italian bank
20 hours ago1 min read


STELLANTIS DEEPENS FRANCE INVESTMENT WITH NEW PEUGEOT EV PRODUCTION
Stellantis will produce three new electric and hybrid Peugeot models at its Mulhouse factory in eastern France from 2029, the automaker said on Tuesday, as part of a revamped global that includes a major new product push. The launches will be backed by a €400 million ($466 million) investment in the Mulhouse plant, alongside a further €500 million for research and development. Most of the R&D spending will go into the new STLA One platform, which is designed to underpin
20 hours ago1 min read


TRUMP WILL ATTEND THE NATO SUMMIT IN TURKEY IN JULY
U.S. President Donald Trump will attend the NATO meeting of heads of state that is taking place in Turkey in July, U.S. Secretary of State Marco Rubio said on Wednesday, providing a confirmation that will likely lead to a sigh of relief across the capitals of the alliance. While American presidents almost always attend NATO summits given Washington is the leader of the alliance, questions were raised about Trump's attendance this year as he repeatedly expressed his ange
20 hours ago1 min read
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