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UniCredit
CEO Andrea Orcel told CNBC Tuesday that he does not foresee a future where the Italian lender fully controls Commerzbank
Orcel’s comments came as the Italian lender’s tender offer to raise its stake in the German bank kicks off.
“If we get to control, which is not the expected scenario at the moment, what we would do is very clear, and the returns on that would be … very positive for our shareholders, and also for the shareholders of Commerzbank, but it’s up to them,” he told CNBC’s Carolin Roth.
