Bundesbank: Approval of Commerzbank Takeover "No Sure Thing"

Bundesbank Executive Board member Michael Theurer opposes a hostile takeover of Commerzbank by the major Italian bank Unicredit and reiterates that further regulatory review of the matter is not just a formality. "The basic principle is: mergers offer opportunities, but they also always entail risks. And experience shows that the risks increase with hostile takeovers," Theurer told the "Süddeutsche Zeitung." Unicredit CEO Andrea Orcel is aware o…