Commerzbank CFO Says UniCredit Deal Would Not Create Value

Commerzbank AG Chief Financial Officer Carsten Schmitt said a takeover of the German lender by Italian rival UniCredit SpA could impede its ability to support the economy and wouldn’t create...

By Arno Schuetze · Bloomberg Markets

Commerzbank AG Chief Financial Officer Carsten Schmitt said a takeover of the German lender by Italian rival UniCredit SpA could impede its ability to support the economy and wouldn’t create value for investors at this time.