UniCredit CEO open to better terms for Commerzbank bid
UniCredit CEO Andrea Orcel said the bank could raise its Commerzbank offer if talks progress. The bid aims to end a stalemate following a 2024 stake purchase.
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The Chief Executive of UniCredit S.p.A., Andrea Orcel, stated on Wednesday that he would not rule out the possibility of improving the terms of the bank's bid for Commerzbank AG if merger discussions lead to a favorable outcome. Speaking at a Morgan Stanley conference in London, Orcel characterized such a scenario as remote but possible under the right conditions.
