Commerzbank Says UniCredit Deal Could Create Value
Commerzbank’s CEO said the lender was convinced a deal with UniCredit could create value. The statement came as Commerzbank reported a 45% increase in third-quarter profit.
Germany's Commerzbank XETR:CBK, nearing a possible takeover by Italy's UniCredit MIL:UCG, said on Thursday that it was "convinced" a deal between the two banks could create value.Commerzbank's CEO made that statement as the lender reported a 45% increase in profit for the third quarter, completing…