Deals
Orcel Has Patience in Commerzbank Battle as Orlopp Stumbles
- UniCredit shares rally, Commerzbank declines after earnings
- ‘It’s a long process,’ Orcel says of potential takeover
This article is for subscribers only.
UniCredit SpA Chief Executive Officer Andrea Orcel signaled he has all the time in the world to win over stakeholders for his idea to acquire Commerzbank AG.
“It’s a long process,” Orcel said in an interview. “We want to have the opportunity to convince all key stakeholders, including the government, that a possible combination creates value.”