UniCredit Met With German State Premier Over Commerzbank
7 Articles
7 Articles
UniCredit Met With German State Premier Over Commerzbank
UniCredit SpA said Chief Executive Officer Andrea Orcel held talks about Commerzbank AG with a regional government leader in Germany, as the Italian lender moves closer to taking control of the rival.
Boris Rhein meets Andrea Orcel: Even if Hessen's Prime Minister has limited leverage in the Takeover Poker around Commerzbank – the state government is not helpless.
At a meeting with Andrea Orcel, the Hessian Prime Minister made clear what is important to him after the takeover of Commerzbank. Above all, one point has potential for conflict.
Italy's UniCredit has secured 50 percent of Commerz bank shares. The bank's seat and board of directors are to remain in Frankfurt, Prime Minister Boris Rhein demands.
According to Bloomberg, the meeting took place shortly before Orsel met for the first time with German Finance Minister Lars Klingbeil.
Prime Minister Boris Rhein met with representatives of Unicredit to talk about the planned Commerzbank takeover. He had a number of demands in his luggage.
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