Frankfurt, Germany, Oct 7, 2024 (AFP) - Commerzbank boss warns of UniCredit takeover risks

NAMPA / AFP

2024-10-07

Commerzbank's new boss warned in a newspaper interview published Monday that a tie-up with Italian lender UniCredit would be "extremely difficult", cause the German bank to lose customers and harm its credit score. Italy's second-biggest bank surprised markets last month by building up a stake of about 21 percent in its German rival, fuelling speculation that it could be gearing up to launch a takeover bid. The approach has sparked anger in Germa......

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