UniCredit CEO Andrea Orcel Talks Commerzbank Takeover
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UniCredit CEO Andrea Orcel Talks Commerzbank Takeover
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Summary
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. “If we do not reach control, we will take a pause, and we will focus on other topics that we have internally,” Orcel said on Bloomberg Television.
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