Orcel Reiterates UniCredit Will Be Active Commerzbank Investor

UniCredit SpA Chief Executive Officer Andrea Orcel said he intends to play an active role in Commerzbank AG’s strategy after becoming a major investor, reiterating a stance he outlined in a Bloomberg TV interview last week.

The Italian lender will be “an active shareholder” if eventual talks for a combination of the two banks aren’t successful, and will work to “accelerate the transformation of the bank to create more value for shareholders,” German newspaper Handelsblatt cited Orcel as saying in an interview published on Monday.