A senior Commerzbank official rejected UniCredit CEO Andrea Orcel’s call to restart merger talks, signaling that the takeover battle for the German lender is still unresolved. The development increases uncertainty around ownership of Commerzbank and suggests negotiations remain strained. No financial terms or transaction size were disclosed.
A senior Commerzbank official rejected UniCredit CEO Andrea Orcel’s call to restart merger talks, signaling that the takeover battle for the German lender is still unresolved. The development increases uncertainty around ownership of Commerzbank and suggests negotiations remain strained. No financial terms or transaction size were disclosed.
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