financetom
Business
financetom
/
Business
/
Commerzbank fully supports strategy built on independence, new CEO tells staff
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Commerzbank fully supports strategy built on independence, new CEO tells staff
Oct 2, 2024 10:02 PM

FRANKFURT, Oct 1 (Reuters) - Commerzbank's

Chief Executive Officer Bettina Orlopp said on Tuesday that

UniCredit "might want more" of the German bank and

this "this wasn't something we chose".

Orlopp said Commerzbank's leadership fully supports its

current strategy, which is "built on the bank's independence".

She made the comments in a video statement to staff during

her first day on the job as the bank's new CEO. It comes after

her meeting on Friday with UniCredit CEO Andrea Orcel.

The Italian bank is pressing for a tie-up after it snapped

up a stake in Commerzbank last month, while Germany's No. 2 bank

has been honing its defence against the overture.

"Rest assured, we're working tirelessly with a strong team

of experts to find the best way to deal with UniCredit now and

in the future," she said, according to a transcript of the video

seen by Reuters.

"If we receive any external proposals, we will evaluate them

professionally and fairly, keeping the interests of all

stakeholders ... in mind," she said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Boeing Shares Drop After CFO Says Q2 Deliveries Won't Recover From Q1
Update: Boeing Shares Drop After CFO Says Q2 Deliveries Won't Recover From Q1
May 23, 2024
01:34 PM EDT, 05/23/2024 (MT Newswires) -- (Updates with details on Q2 margins in the third and fourth paragraphs) Boeing ( BA ) shares fell 6.7% in recent Thursday trading after Chief Financial Officer Brian West said the aircraft manufacturers' deliveries would not recover in Q2, remaining in line with Q1 due to ongoing production challenges. West confirmed that the...
Great Ajax Files Shelf Registration for 12 Million Shares
Great Ajax Files Shelf Registration for 12 Million Shares
May 23, 2024
01:35 PM EDT, 05/23/2024 (MT Newswires) -- Great Ajax ( AJX ) filed a shelf registration Wednesday with the US Securities and Exchange Commission for the potential resale of 12 million of its common shares by selling shareholders. The company said it would not receive proceeds from the resale of the shares by the selling shareholders. Shares of Great Ajax...
Why UK's National Grid Shares Are Diving Today
Why UK's National Grid Shares Are Diving Today
May 23, 2024
National Grid plc ( NGG ) shares are trading lower after the company reported an equity raise of £7 billion and a year-over-year decrease in full-year revenue results.  In its 2023/24 full-year, adjusted EPS increased 32% year over year to £0.84, and gross revenue declined 8% year over year to £19.850 billion. Underlying operating profit rose 4% Y/Y to £4.8 billion (+6% Y/Y at constant currency), aided by growth...
--Tesla CEO Elon Musk Avoids Stating Commitment to Cheaper Vehicles, Bloomberg Says
--Tesla CEO Elon Musk Avoids Stating Commitment to Cheaper Vehicles, Bloomberg Says
May 23, 2024
01:37 PM EDT, 05/23/2024 (MT Newswires) -- Price: 176.70, Change: -3.41, Percent Change: -1.89 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved