Friday, 28 January 2022

Tag Archives: merger

UBS chairman says no merger on the agenda

BERLIN: Swiss bank UBS is not looking to merge with any other bank, Chairman Axel Weber told the Tages-Anzeiger newspaper amid speculation that UBS could join forces with Deutsche Bank. “Every company has to think things over, but it makes little sense to consider mergers at group level now. These ...

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Deutsche Bank, Commerzbank increasingly open to merger

BERLIN: Executives of Deutsche Bank and Commerzbank are increasingly open to the idea of a merger of Germany’s two largest banks, magazine Der Spiegel reported on Tuesday. It cited one person as saying that Commerzbank Chief Executive Martin Zielke “would rather do it today than tomorrow”, but that new Deutsche ...

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Vodafone’s Indian unit and Idea Cellular announce merger

MUMBAI: UK telecoms giant Vodafone has merged its Indian business with Idea Cellular, India’s third-largest network, to create the country’s largest operator. The combined company will have almost 400 million customers, accounting for 35% of the market share, the firms said in a statement. The announcement ends months of speculation ...

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Vodafone’s Indian unit in merger talks

LONDON: Vodafone has said its Indian business is holding talks about a major merger which would create the country’s largest telecoms firm. It said Vodafone India, the country’s second biggest mobile operator, was in negotiations with Idea Cellular, India’s third largest network. There was “no certainty” a deal would be ...

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