UniCredit Should Move Soon on Commerzbank, JPMorgan Analysts Say
- Tie-up between European banks seen having “strategic merits”
- Rival Deutsche Bank is reported to be weighing its options
UniCredit surprised investors this month by disclosing it had built a 9% stake in Commerzbank.
Photographer: Ralph Orlowski/BloombergThis article is for subscribers only.
UniCredit SpA should act quickly if it wants to be successful in a potential acquisition of Commerzbank AG, according to analysts at JPMorgan Chase & Co.
There are hurdles to overcome, such as indications from Commerzbank management that it would prefer to remain independent and press reports suggesting the German government was caught off guard by UniCredit’s move, analysts led by Kian Abouhossein wrote in a note Thursday.