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International Business Times
International Business Times
Business
AFP News

UniCredit Says Needs A Year To Decide Commerzbank Deal

Commerzbank UniCredit Andrea Orcel Italy
Commerzbank raised its 2024 outlook Wednesday after better-than-expected quarterly results (Credit: AFP)

The chief executive of Italy's UniCredit bank said Wednesday there would be no decision on a possible takeover of German rival Commerzbank for at least a year.

"The process of engaging with all the stakeholders will take some time," Andrea Orcel told a conference call with analysts.

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