Commerzbank’s executive board is reviewing its defense strategy as it prepares for a potential takeover approach by UniCredit. The German bank, which was surprised by UniCredit’s disclosure of a 9% stake, is taking the precautionary move ahead of its engagement with its Italian rival, according to people familiar with the matter. Oliver Crook reports.
UniCredit CEO Andrea Orcel speaks live on Bloomberg TV at 10.30 a.m. central European time.
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News post in September 12, 2024, 12:04 pm.
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