Finance

Commerzbank Vows Higher Profits Ahead of UniCredit Talks

Lender seeks to shore up investor support in takeover battle
CEO-designate Orlopp to meet with UniCredit on Friday

Bettina OrloppPhotographer: Alex Kraus/Bloomberg

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By Steven Arons and Nicholas Comfort

September 26, 2024 at 7:08 AM UTC

Updated on

September 26, 2024 at 10:25 AM UTC

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Commerzbank AG pledged to increase profitability and pay out more money to investors as it enters talks with rival UniCredit SpA.

Chief Executive Officer-designate Bettina Orlopp told a conference Thursday that she’ll meet with UniCredit on Friday to discuss any proposals the Italian lender has after taking a major stake.