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Home›Global Markets›Europe›UniCredit CEO says Commerzbank deal could happen in fo…

UniCredit CEO says Commerzbank deal could happen in fourth quarter

UniCredit chief executive Andrea Orcel indicated any potential acquisition would be targeted for the fourth quarter.

Reported · Written up by our desk · Europe

UniCredit CEO Andrea Orcel said the bank could potentially move to acquire Commerzbank in the fourth quarter, according to CNBC.

Orcel made the comment to CNBC on Thursday, framing the timeline as a possible fourth-quarter window for a deal rather than a firm commitment.

CNBC reported the CEO discussed the prospect without providing additional deal terms or conditions in the available coverage.

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Sources

CNBC MarketsUniCredit CEO tells CNBC acquisition of Commerzbank could happen in fourth quarter
CNBC WorldUniCredit CEO tells CNBC acquisition of Commerzbank could happen in fourth quarter

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