The exchange at a private event focused on accounting and control steps, not merger talks, while UniCredit remains open to engaging the German government, labor representatives and mBank bodies.
UniCredit and Commerzbank chief executives briefly met at a private event after the Italian bank secured 48% of its German rival in a takeover bid, but the contact did not open negotiations, a source close to UniCredit said. The discussion centered on the accounting and other procedural steps tied to UniCredit taking control and consolidating Commerzbank, a process that typically brings a target's financial results onto the buyer's books. The source added that UniCredit remains willing to engage directly with Commerzbank stakeholders, particularly the German government, workers' representatives and the governing bodies of Commerzbank's Polish unit mBank.