Unicredit: Commerzbank takeover would be • Table.Briefings

According to Unicredit, the Commerzbank stake is purely an investment.

Unicredit CEO Andrea Orcel has described a possible merger with Commerzbank as a „test case for Europe“. In doing so, he is encouraging those who want to push ahead with the capital markets union in the EU. According to information provided on Wednesday, the German government is not planning any defense.

After taking a stake in Commerzbank, Unicredit CEO Andrea Orcel is keeping all options open – but emphasizes the advantages of a cross-border merger. „Commerzbank is an investment. Nothing else.“ There is currently no takeover bid, Orcel said at a Bank of America conference in London.

Unicredit: Commerzbank takeover would be ‘test case for Europe’

Sign up now and continue reading immediately