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UniCredit's Orcel nears goal at Commerzbank

Original: commerzbank unicredit

UniCredit chief Andrea Orcel is reported to be close to his objective with the German lender Commerzbank, according to Börse Online. The Italian bank has been steadily building a stake in its Frankfurt-based peer, fuelling speculation about a possible takeover or merger that would be one of the biggest cross-border banking deals in Europe. German financial media and investors are following the story closely.

Why now: UniCredit's continued share purchases in Commerzbank are renewing takeover speculation in the German market.

CommerzbankUniCreditAndrea Orcel

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Evidence

• Andrea Orcel: Bei der Commerzbank fast am Ziel? · Börse Online

API: https://socialmediatrends-api.osmike.com/v1/trends/4592018