Germany Signals Openness to UniCredit Talks After Commerzbank Stake Build
Germany’s opposition to UniCredit taking over Commerzbank is easing, with finance minister Lars Klingbeil inviting CEO Andrea Orcel to meet, signaling willingness to discuss a deal. UniCredit’s July stake of just under 50% could sway shareholder resolutions and board appointments. Pro-consolidation views cite better capacity to absorb technology and regulatory costs, amid ongoing debate over EU banking union details.