UniCredit CEO says Commerzbank now too costly for takeover supply

UniCredit CEO says Commerzbank now too costly for takeover supply

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023.  Bloomberg | Bloomberg | Getty Images UniCredit CEO Andrea Orcel on Wednesday told CNBC that the share price of potential takeover target Commerzbank is currently too prohibitively expensive for a merger deal. UniCredit has built a surprise stake in Commerzbank … Read more