Commerzbank CEO Bettina Orlopp on Thursday criticized the Italian bank UniCredit for talking down the share price of the German lender by saying its shares had risen excessively.
UniCredit CEO Andrea Orcel said on Wednesday he currently saw little scope to advance his acquisition strategy, given that Commerzbank had become too pricey and Italy was effectively blocking a takeover of Banco BPM.
The UniCredit CEO stressed that UniCredit is presently "far away" from a merger bid with Commerzbank and would first seek a "constructive solution" to opposition from the German government.
German Chancellor Friedrich Merz criticised UniCredit's effort to build up a stake in Commerzbank on Tuesday, saying that the Italian lender's approach was unacceptable.
Die Aktie der Commerzbank profitiert von der möglichen Übernahme durch die UniCredit. Aus Sicht der Point & Figure Charttechnik ist die Aktie kaufenswert .
Germany does not expect Italy's UniCredit to launch a full bid for German rival Commerzbank at present, German Chancellor Friedrich Merz said on Saturday.
The German finance ministry on Friday denied a media report that Finance Minister Lars Klingbeil could meet with his Italian counterpart to discuss UniCredit's push for a merger with Commerzbank.
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