Commerzbank: Aims to Stay Independent After Report of Scrapped Talks With UniCredit
18 Mayo 2022 - 4:14AM
Noticias Dow Jones
By Cristina Roca
Commerzbank AG's strategy aims to create the conditions for the
bank to remain independent, the company said Wednesday.
Earlier on Wednesday, the Financial Times reported, citing
unnamed sources, that the German lender and Italy's UniCredit SpA
had been planning to discuss a potential merger earlier this year,
but that the talks were shelved after Russia invaded Ukraine.
Commerzbank and UniCredit both declined to comment on the
report.
Shares in the lenders were little affected. At 0827 GMT,
UniCredit shares traded 0.2% lower, while Commerzbank shares were
up 1.4%.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
May 18, 2022 04:59 ET (08:59 GMT)
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