UniCredit CEO Andrea Orcel is preparing to take control of Commerzbank and could overhaul its supervisory board as early as January, the Financial Times reported, citing people familiar with the matter. The Italian lender has secured nearly half of Commerzbank's share capital and would gain effective control of shareholder resolutions after receiving supervisory clearance for its holding. Berlin, which owns 13.3% of Commerzbank, wants UniCredit to commit to jobs, Germany as a business location, a Frankfurt headquarters, a stock-market listing and continued financing for German mid-sized companies. UniCredit said its discussions with the government were continuing and that it remained optimistic about the outcome.