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UniCredit says full Commerzbank acquisition could happen in fourth quarter

UniCredit is aiming to acquire Commerzbank in the fourth quarter, the CEO of the Italian bank told CNBC in an exclusive interview. Speaking with CNBC’s “Europe Early Edition,” UniCredit CEO Andrea Orcel said the bank is happy with its position in Commerzbank, with the bank now closing in on full control of the German lender,…

Control of Commerzbank ‘not the expected scenario’

Sagar4 months ago02 mins

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty Images UniCredit CEO Andrea Orcel told CNBC Tuesday that he does not foresee a future where the Italian lender fully controls Commerzbank. Orcel’s comments came as the Italian lender’s tender offer to raise its stake…

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Andrea Orcel

UniCredit says full Commerzbank acquisition could happen in fourth quarter

Control of Commerzbank ‘not the expected scenario’