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Commerzbank to hold first talks with UniCredit on Friday

Published 09/26/2024, 04:03 AM
Updated 09/26/2024, 04:31 AM
© Reuters. FILE PHOTO: Bettina Orlopp, CFO of Germany's Commerzbank AG attends the Commerzbank AG annual results news conference in Frankfurt, Germany, February 13, 2020.  REUTERS/Ralph Orlowski/File Photo
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FRANKFURT (Reuters) -Commerzbank's designated CEO, Bettina Orlopp, said on Thursday that the bank will hold a first round of talks with UniCredit on Friday as the Italian lender presses for a possible tie-up.

The remarks are her first since she was named earlier this week the German bank's next chief executive officer at a critical juncture in its 154-year history.

© Reuters. FILE PHOTO: Bettina Orlopp, CFO of Germany's Commerzbank AG attends the Commerzbank AG annual results news conference in Frankfurt, Germany, February 13, 2020.  REUTERS/Ralph Orlowski/File Photo

UniCredit earlier this month disclosed that it had bought a 9% stake in Germany's bank, plans to buy more and has pressed for discussions to explore a tie-up.

She said the bank was open-minded and that any synergies must be jointly analysed.

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