The bank boss announced: he would be willing to make concessions in order to get the target.
Andrea Orcel, the CEO of UniCredit, announced that the bank is prepared to make concessions in negotiations with Commerzbank, after their stake reached 48 percent. Orcel is also planning to hold talks with the German government and the representatives of Commerzbank’s employees. UniCredit recently reported significant quarterly results, which has led to an upward revision of its profit forecast for the year.
Andrea Orcel, CEO of UniCredit, announced that the Italian bank is open to concessions in negotiations with Commerzbank, after its stake in the German bank reached 48 percent. The company’s management intends to consult with both the German government and the representatives of Commerzbank’s employees, according to Reuters. The bank reported strong quarterly results today and raised its forecast for annual profits.
