Deutsche Bank Mulls Ways to Hinder Orcel’s Commerzbank Move

Deutsche Bank AG is exploring options to make it harder for UniCredit SpA to buy Commerzbank AG as it considers how — or whether — to react to a potential deal that would create a huge competitor in its home market, people with knowledge of the matter said.

Chief Executive Officer Christian Sewing and his lieutenants have been analyzing the situation over the past few days, the people said. Options that have come up included buying part or all of the German government’s remaining 12% stake in Commerzbank, according to the people, who asked not to be identified because the information is private.