Commerzbank eyes potential HVB acquisition in merger talks
Commerzbank CEO Bettina Orlopp stated the bank could acquire UniCredit unit HVB in shares as part of merger discussions. UniCredit has built a near 50 percent stake in Commerzbank amidst ongoing talks between the two lenders.
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COMMERZBANK AG could acquire the German unit HVB from UNICREDIT SPA in a share-based transaction as part of ongoing merger talks, CEO Bettina Orlopp said on Thursday afternoon. The discussions follow a two-year pursuit by the Italian lender, which has built a stake approaching 50% in the German bank despite political resistance in Germany and Italy . The potential deal structures offer a pathway to resolve long-standing cross-border banking tensions.
