Reported 26 days ago
Investors in UniCredit are backing CEO Andrea Orcel's strategy to pursue a full takeover of Commerzbank, believing it will enhance shareholder value. With a recently acquired 9% stake in Commerzbank, UniCredit aims to solidify its standing as Germany's leading lender. Analysts predict significant cost savings and improved asset quality from the merger, while Orcel remains patient in negotiations, signaling potential confidence in executing a beneficial deal.
Source: YAHOO