UniCredit woos Commerzbank shareholders in takeover battle

Italian bank UniCredit wooed shareholders in Germany’s Commerzbank with promises of higher returns on Monday as it hopes to win a 35-billion-euro ($41 billion) takeover battle fiercely opposed by many Germans. UniCredit’s chief Andrea Orcel said his “Unlocked” strategy for Commerzbank would refocus its operations on its core German market to spur faster growth. “Commerzbank […] The post UniCredit woos Commerzbank shareholders in takeover battle appeared first on Digital Journal.