Germany intensifies opposition to UniCredit's substantial acquisition of Commerzbank shares, while the Italian bank's CEO, Andrea Orcel, advocates for dialogue. With Berlin, Commerzbank management, ...
Manfred Knof will step down as Commerzbank CEO earlier than planned, Germany's second biggest lender said Wednesday, amid talk of a potential takeover by Italian rival UniCredit.
UniCredit chief executive Andrea Orcel said Wednesday the Italian bank was not seeking a seat on the supervisory board of Commerzbank, after becoming the largest shareholder in its German rival.
Germany has intensified its opposition to UniCredit's potential takeover of Commerzbank. UniCredit CEO Andrea Orcel emphasized the need for broad shareholder backing and discussions with the German ...