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Commerzbank's Orlopp Lays Out Goals in First Meeting With Orcel.

Authors :
Arons, Steven
Comfort, Nicholas
Sirletti, Sonia
Source :
Bloomberg.com; 9/27/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Commerzbank's CEO-designate, Bettina Orlopp, outlined her strategy to UniCredit's top leadership in their first meeting since the Italian lender acquired a large stake in Commerzbank. Orlopp discussed her plans to improve the bank's performance, while also expressing a willingness to consider proposals from outside sources. UniCredit has acquired a 21% stake in Commerzbank and has not ruled out a full takeover, although a sale of their stake is also a possibility. The German government has criticized UniCredit's approach, while members of the Italian government have expressed support for the potential acquisition. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179976287