COMMERZBANK SAYS UNICREDIT'S APPROACH IS HOSTILE AND UNILATERAL
https://media.zenfs.com/en/reuters-finance.com/31d1c8f1f319c710f6d088add9255f1b
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✍️ Commerzbank has defined UniCredit's approach to a potential tie-up as 'hostile', citing the Italian bank's unilateral build-up of a 28% stake in the German lender.
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👉 Commerzbank has defined UniCredit's approach as 'hostile'
👉 UniCredit has built a 28% stake in Commerzbank using derivatives
👉 Commerzbank has denied any discussions with UniCredit in the past two years
👉 UniCredit CEO Andrea Orcel has said there have been discussions with Commerzbank's leadership
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#AndreaOrcel #Frankfurt #Berlin #Milan #Davos #business
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