The Italian side persistently attacked, while the German side gave up: this is the turning point in Europe's fiercest banking battle.
Commerzbank announced that it has begun negotiations with UniCredit, effectively ending the long-standing resistance to UniCredit’s acquisition attempt. The German financial institution’s management apparently realized that it had limited maneuvering room in the face of the acquisition attempts that it had previously considered undesirable.
Commerzbank announced that it has begun negotiations with UniCredit, effectively ending the long-standing resistance to the Italian bank’s acquisition attempt. The management of the German financial institution has apparently realized that it has limited options given the unwanted acquisition attempts.
