Commerzbank CEO labels UniCredit offer as very low price
CEO Bettina Orlopp said UniCredit's bid for a larger stake lacks a clear plan and offers a low price. The bank remains reluctant to accept a takeover deal.
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The Chief Executive Officer of Commerzbank AG, Bettina Orlopp, has characterized a recent acquisition proposal from Italy-based UniCredit S.p.A. as being offered at a very low price. Speaking at a financial conference on Tuesday, Orlopp underscored the persistent reluctance of the major lender in Germany to entertain a takeover deal under the current terms.
