A Commerzbank AG bank branch, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.
Krisztian Bocsi | Bloomberg | Getty ImagesCommerzbank and UniCredit are set to begin talks Friday, with the German bank on the defensive over a potential takeover after its Italian counterpart unexpectedly increased its stake earlier this month.
Speaking at a financial conference, Orlopp said the German bank was open minded, but that the speed of synergies and risks needed to be considered.
The potential for a takeover or merger has been met with opposition from Germany's government and several senior figures at Commerzbank.
Orlopp herself earlier this month told journalists that the process had taken Commerzbank by surprise, but urged a calm approach.
Persons:
Krisztian Bocsi, Bettina Orlopp, Orlopp, Commerzbank, Manfred Knof, Germany's, Jens Weidmann, Stefan Wittmann
Organizations:
AG, Bloomberg, Getty, Reuters, CNBC
Locations:
Frankfurt, Germany, Commerzbank