UniCredit's Commerzbank move sparks opposition, defence Orcel faces political resistance from within Germany ECB approval needed to buy up to 30% of Commerzbank FRANKFURT, Sept 19 (Reuters ...

It was a moment Andrea Orcel, chief executive officer of UniCredit SpA, had also been anticipating. Most Read from Bloomberg How Americans Voted Their Way Into a Housing Crisis For Tenants ...

FRANKFURT (Reuters) - For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking landscape. Now, as UniCredit chief executive ...

For decades, Andrea Orcel was the ‘rainmaker’ who CEOs turned to for advice on the big deals that reshaped the banking landscape. Now, as UniCredit chief executive, the Italian has set himself ...

FRANKFURT - For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking landscape. Now, as UniCredit chief executive, the Italian has set ...

"There are very few overlaps" between the banks, he said. Now he has laid out the case, Orcel said it was up to Commerzbank to decide. "The decision lies with Commerzbank's stakeholders," he said.

Given how long Commerzbank has eluded UniCredit and other suitors, Andrea Orcel can be quietly satisfied with his first move in what will likely be protracted negotiations over a potential takeover.