Commerzbank, Banco BPM Approaches Will Test EU's Integration Commitments, UniCredit CEO Writes in Financial Times

Dow Jones2024-12-20

-- UniCredit's investment in Commerzbank and bid for Banco BPM will test if the European Union is serious about greater integration, the Italian bank's CEO wrote in an opinion piece for the Financial Times.

-- Andrea Orcel said these approaches are taken in the interest of the lender's stakeholders and that they also bring to the table the broader EU convergence project and the future of the single market. "Are we willing to take the steps that our leaders have long called for or will we get cold feet? The answer will either help unlock Europe's growth, or confirm that real action to move the single market forward remains elusive."

Full story: https://tinyurl.com/34nen7cb

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

December 20, 2024 07:47 ET (12:47 GMT)

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