UniCredit CEO to Pause Commerzbank Pursuit If No Control Reached

UniCredit SpA Chief Executive Officer Andrea Orcel said he’ll put his yearslong effort to buy Commerzbank AG on hold if his takeover bid fails to win him control over the...

By Sonia Sirletti, Francine Lacqua · Bloomberg

UniCredit SpA Chief Executive Officer Andrea Orcel said he’ll put his yearslong effort to buy Commerzbank AG on hold if his takeover bid fails to win him control over the lender.