Commerzbank Speeds Up Planning Amid Potential UniCredit Bid
- Lender working on strategy beyond 2027, CEO tells newspaper
- UniCredit has built up stake and said takeover is an option
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Commerzbank AG has accelerated strategic planning as it seeks to prepare for a potential takeover offer from rival UniCredit SpA.
“Normally, we would not have started this until next year,” Chief Executive Officer Bettina Orlopp told German business daily Handelsblatt in an interview published Monday, referring to internal discussions about the lender’s strategy beyond 2027. “We are now bringing it forward because we want to have a basis for comparison in case UniCredit offers us a merger.”