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uniCredit and Commerzbank report earnings amid ongoing merger discussions

UniCredit and Commerzbank are engaged in a potential takeover battle, with UniCredit reporting an 8% rise in net profit to €2.5 billion, while Commerzbank's profit fell 6.2% to €642 million. Commerzbank's CEO expressed openness to discussions about a merger, contingent on a proposal from UniCredit, as the German government remains cautious about the deal.
CNBC
Euro Alpha Bank UniCredit S.p.A. Fitch Ratings Inc. Commerzbank AG ITA Andrea Orcel Annette Weisbach Charlotte Reed Bettina Orlopp Olaf Scholz Show more
Finance & Economy, News Article
11:52 06.11.2024
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