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UniCredit MIL:UCG CEO Andrea Orcel is preparing to take control of Commerzbank XETR:CBK and overhaul its supervisory board as early as January, the Financial Times reported on Tuesday, citing people familiar with the matter.The Italian lender plans to call an extraordinary general meeting once it r…
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.
UniCredit's MIL:UCG boss Andrea Orcel is preparing to seize control of German lender Commerzbank XETR:CBK and overhaul its supervisory board as early as January, the Financial Times reported on Tuesday, citing people familiar with the matter.Reuters could not immediately verify the report.
Commerzbank AG XETR:CBK