Reported about 6 hours ago
One year into UniCredit's campaign urging Commerzbank to consider a merger, CEO Andrea Orcel's ambitions face significant German resistance. Despite this, UniCredit's involvement has prompted major changes at Commerzbank, leading to leadership reshuffles and a strategic overhaul aimed at maintaining independence. Commerzbank's shares have more than doubled since UniCredit's initial stake buy, and improvements in financial performance are evident, although challenges remain in profitability compared to UniCredit.
Source: YAHOO