Commerzbank could buy UniCredit's HVB as part of bank tie-up, CEO says
CBK•CBK•CBK•CBK•Commerzbank CEO Bettina Orlopp said the bank could buy UniCredit's German bank HVB in shares as one option in talks over a possible tie-up. Other options include a direct merger or a UniCredit offer to remaining Commerzbank shareholders, likely at a premium, to raise its stake above 90%.
Commerzbank could buy UniCredit's German bank HVB in shares as the two banks discuss a possible merger, CEO Bettina Orlopp said. She described this as one of three options for increasing UniCredit's shareholding in Commerzbank.
The alternatives are a simple merger between Commerzbank and UniCredit, or another UniCredit offer to remaining Commerzbank shareholders, most likely with a premium, to lift its shareholding above 90%. UniCredit has amassed a stake of nearly 50% despite resistance from Germany.
