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


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  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,

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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