Published by Global Banking & Finance Review®
Posted on January 22, 2025
1 min readLast updated: January 27, 2026
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Unicredit's Andrea Orcel seeks German government's support for Commerzbank takeover, aiming for clarity by end of 2025.
BERLIN (Reuters) - UniCredit chief Andrea Orcel wants to discuss a planned takeover of Commerzbank with the new German government and hopes for some clarity at the latest by the end of the year, he told German paper FAZ.
Germans will elect a new government on Feb. 23 and polls suggest that conservative chancellor candidate Friedrich Merz could succeed Chancellor Olaf Scholz, a Social Democrat, who opposes the deal.
"Without the support of such an important institution as the German government it will be difficult," Orcel was quoted as saying in an interview. "I hope for the summer. Overall we should know where we stand by the end of the year at the latest."
(Reporting by Kirsti Knolle; Editing by Madeline Chambers)
The main topic is Unicredit's planned takeover of Commerzbank and the need for German government support.
Andrea Orcel is the chief executive of Unicredit, leading the efforts for the Commerzbank acquisition.
The German government's support is crucial for the success of the Unicredit-Commerzbank takeover.
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