Commerzbank CEO Says UniCredit Takeover Bid Was a 'Surprise'

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Commerzbank CEO Says UniCredit Takeover Bid Was a 'Surprise'
Bloomberg
Written by Bloomberg
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Commerzbank Chief Executive Officer Bettina Orlopp speaks on Bloomberg Television following Monday's 35 billion ($40 billion) bid from UniCredit. Orlopp tells Bloomberg's Anna Edwards UniCredit's offer was a "surprise" and it is a "very low price." She adds Commerzbank will focus on its own strategy as it is currently thinking about accelerating profitability.

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