The CEOs of UniCredit and Commerzbank briefly met on the sidelines of a private event after the Italian bank secured 48% of its German rival in a takeover bid. They discussed the necessary accounting and other steps related to UniCredit’s taking control and consolidating Commerzbank.
UniCredit remains open to directly engage with Commerzbank stakeholders – especially the German government and workers’ representatives – as well as the governing bodies of Commerzbank’s Polish unit mBank.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
