As per Jens Weidmann, UniCredit's approach raised questions because it had been able to obtain a majority despite making a financially unattractive offer...
The German lender reported stronger quarterly earnings while signalling a more conciliatory stance towards UniCredit’s 45 billion euro takeover approach...
UniCredit could still struggle to advance its takeover project, due to a united opposition from the Friedrich Merz government, unions, and Commerzbank itself...
In a letter, CEO Bettina Orlopp told the shareholders that UniCredit's offer wasn't high enough and the Italian bank had not presented any 'sound plan'...