Finance
DZ Bank CEO Says UniCredit’s Commerzbank Deal Could Make Sense
This article is for subscribers only.
A senior German banker said there a several reasons why a takeover of Commerzbank AG by UniCredit SpA could be beneficial, demonstrating that the strong opposition to the potential deal by the country’s government isn’t a national consensus.
The acquisition would “make certain sense, objectively,” DZ Bank Chief Executive Officer Cornelius Riese said at a press event on Monday. The unlisted lender is one of Germany’s largest by balance sheet.