UniCredit CEO supports potential merger with Commerzbank following 9% stake acquisition.

UniCredit CEO Andrea Orcel has shown support for a possible merger with Commerzbank, following UniCredit's acquisition of a 9% stake in the German bank. Orcel believes the merger could enhance value for all stakeholders and strengthen the German banking market, particularly benefiting retail customers and small to medium-sized enterprises. However, the decision rests with Commerzbank's stakeholders, and there is no set timeline for further discussions.

September 16, 2024
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