Commerzbank chairman sees little chance of amicable UniCredit merger, report says

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Commerzbank chairman sees little chance of amicable UniCredit merger, report says

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Commerzbank chairman sees little chance of amicable UniCredit merger, report says

//business-finance.news-articles.net/content/202 .. ce-of-amicable-unicredit-merger-report-says.html

Published in Business and Finance on Monday, January 13th 2025 at 4:20 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Commerzbank's supervisory board chairman Jens Weidmann said there is little chance for an amicable merger with UniCredit after the Italian bank's surprise purchase of a hefty stake in the German lender,

210x110/5541 Bytes

Commerzbank's Chairman, Jens Weidmann, has expressed skepticism about the possibility of an amicable merger with UniCredit, according to a report by Handelsblatt on January 13, 2025. Weidmann highlighted the complexities involved in such a merger, including regulatory hurdles and the strategic differences between the two banks. He noted that while there might be theoretical benefits to a merger, the practical and political challenges make it unlikely in the near term. This statement comes amidst ongoing speculation about consolidation in the European banking sector, where both banks have been mentioned as potential partners. However, Weidmann's comments suggest that any move towards a merger would face significant obstacles.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/commerzbank-chairman-sees-little-chance-amicable-unicredit-merger-report-says-2025-01-13/ ]

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Commerzbank chairman sees little chance of amicable UniCredit merger, report says