Commerzbank AG's executive board is proactively reviewing its defense strategy as it prepares for a potential takeover approach by UniCredit SpA, reflecting heightened scrutiny and strategic vulnerability.
The German bank was caught off guard by UniCredit's disclosure of a 9% stake, prompting a precautionary move ahead of engagement with its Italian rival.
Labor representatives are expected to advocate for political backing against the takeover attempt, emphasizing the complex dynamics involved in major banking mergers in Europe.
Regulatory and political obstacles make large bank mergers in Europe challenging, despite UniCredit's intent to strengthen its position as the 'Bank for Europe' under CEO Andrea Orcel.
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