Unicredit's Orcel aims to seize control of Commerzbank within months - FT
FT says Orcel plans to replace 10 board members and oust CEO as soon as January. Unicredit would call an extraordinary general meeting after remaining regulatory approvals.
Sept. 29 (Reuters) - Unicredit's Andrea Orcel is moving to take control of Commerzbank AG within months, the Financial Times reported. Orcel is aiming to replace 10 board members and remove the chief executive as soon as January, the report said. UniCredit plans to call an extraordinary general meeting once it receives the remaining regulatory approvals needed to take control of Commerzbank, FT reported.