UniCredit CEO Andrea Orcel has indicated that the bank's investment in Commerzbank will require patience, stating that it is an investment that will take time to mature. He emphasized that, for now, the focus is on encouraging Commerzbank to enhance its performance. Orcel also mentioned that he does not anticipate any significant impact on Banco BPM's network from a potential acquisition. Furthermore, he described UniCredit's relationship with asset management firm Amundi as 'solid.' Orcel noted that the likelihood of a deal with Commerzbank is currently lower than previously expected, reflecting a cautious approach towards the acquisition landscape.
*ORCEL SAYS PROBABILITY FOR COMMERZBANK DEAL LOWER THAN EXPECTED
UniCredit CEO says relationship with Amundi is 'solid' https://t.co/uzeVmzidoc https://t.co/2a9qXv4rX4
UniCredit CEO Andrea Orcel suggests he’ll be even more patient with a potential acquisition of Commerzbank, after opening another takeover front with his bid for Italian rival Banco BPM https://t.co/o1jUJvBn9s