Archive · 11 Jun 2025
UniCredit CEO Rules Out Commerzbank Bid at Current Price
UniCredit's boss, Andrea Orcel, said his company won't buy Commerzbank right now because the price is too high.
He thinks the stock price is too inflated.
He might wait a few years.
UniCredit has a big stake in Commerzbank and will soon be able to turn some investments into actual shares, giving them more control.
Orcel is okay with waiting, but he also knows that nothing happening is not good for anyone involved.
UniCredit CEO Andrea Orcel ruled out a Commerzbank bid at the current price.
Orcel stated the share price of Commerzbank is beyond the fundamentals.
Orcel indicated he might wait until 2027 to decide on a takeover offer.
UniCredit expects to have authorizations to convert derivatives into shares by the end of the month, giving them close to 30% of Commerzbank.
Orcel cautioned that a continued stalemate isn't in the best interest of either side.
- Who
- Andrea Orcel, CEO of UniCredit, and Commerzbank.
- What
- UniCredit CEO ruled out a takeover bid for Commerzbank at the current price.
- When
- Interview with CNBC and a Goldman Sachs conference on Wednesday.
- Where
- Mentioned in interviews and at a conference.
- Why
- The share price of Commerzbank has gone beyond the fundamentals.
- Company
- UniCredit
- Target
- Commerzbank
- UniCredit Stake
- Close to 30%
- Orcel's Stance
- Ruled out bid at current price
- Potential Wait Time
- Until 2027