Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells Handelsblatt
) would add value for all stakeholders and create a much stronger competitor in the German banking market, Unicredit CEO Andrea Orcel told Handelsblatt in an interview published on Monday.
Italy's second-largest bank swooped to take a 9% stake in Commerzbank last week, catching German authorities off guard and getting a hostile reception from local management, who want to fend it off. If"we come to the conclusion that a merger is best for both of us, that would be great, but ... as a major shareholder I must first ensure that our investment develops well," he said.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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