Commerzbank workers say we don't want or need UniCredit

Commerzbank’s workers’ council rebuffed UniCredit’s advances, reaffirming resistance to a potential tie-up as UniCredit nears control of the German bank. The setback increases deal-friction risk, potentially delaying or complicating any consolidation outcome.

Analysis

Commerzbank’s workers’ council rebuffed UniCredit’s advances, reaffirming resistance to a potential tie-up as UniCredit nears control of the German bank. The setback increases deal-friction risk, potentially delaying or complicating any consolidation outcome.