Bettina Orlopp said UniCredit could not unilaterally push fundamental structural measures even with a majority at the next annual general meeting, underscoring the need for a shared business model and stakeholder backing.
Commerzbank CEO Bettina Orlopp called for a constructive dialogue with UniCredit after the Italian bank secured a near majority stake in its German rival. Orlopp said Thursday that even if UniCredit holds a majority at the next annual general meeting, it would not be able to unilaterally decide on fundamental structural measures. She said that dynamic creates a clear responsibility for both sides and requires a shared understanding of the business model as well as the involvement of all stakeholders.