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Unicredit chief hopes for clarity on Commerzbank plans by end 2025

Published by Global Banking & Finance Review

Posted on January 22, 2025

1 min read

· Last updated: January 27, 2026

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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

Unicredit Seeks Clarity on Commerzbank Plans by 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)

Key Takeaways

  • Unicredit aims to acquire Commerzbank.
  • Andrea Orcel seeks German government's support.
  • New German government elections are in February.
  • Friedrich Merz could succeed Olaf Scholz.
  • Clarity on the deal expected by end of 2025.

Frequently Asked Questions

What is the main topic?
The main topic is Unicredit's planned takeover of Commerzbank and the need for German government support.
Who is Andrea Orcel?
Andrea Orcel is the chief executive of Unicredit, leading the efforts for the Commerzbank acquisition.
What is the significance of the German government in this deal?
The German government's support is crucial for the success of the Unicredit-Commerzbank takeover.

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