UniCredit's Orcel moves to take control of Commerzbank within months, FT reports
FT reports UniCredit expects to secure control of Commerzbank by end-February and then call an extraordinary general meeting.
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UniCredit's Andrea Orcel moves to seize control of Commerzbank within months, FT reports
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…
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.