UniCredit CEO Andrea Orcel is making a bid of €10 billion for Banco BPM, as part of efforts to consolidate the Italian banking sector.
This move highlights the profitability of the Italian banking sector compared to Germany. Orcel may need to improve his offer in order to secure the deal. Some investors are concerned about the feasibility of managing two simultaneous integrations, which could impact the success of the acquisition.
Commerzbank's CEO, Bettina Orlopp, now has an opportunity to strengthen her position and show shareholders that the bank can achieve better returns independently.