Commerzbank’s supervisory board chairman Jens Weidmann is calling for constructive and transparent dialogue with UniCredit. This shift signals a move away from previous resistance to a potential takeover.
UniCredit CEO Andrea Orcel expects to finalize the acquisition during the fourth quarter of the year. The Italian lender recently secured nearly 48% of Commerzbank shares through a voluntary takeover bid.
UniCredit is now seeking engagement with the German government and regulatory bodies to advance the process. The bank aims to secure full control following its significant stake accumulation.