Exclusive-UniCredit CEO approaches Commerzbank to explore merger talks, source says

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Commerzbank News

Unicredit,Andrea Orcel

UniCredit CEO Andrea Orcel approached German lender Commerzbank's management earlier on Wednesday inviting the bank to explore merger talks, a source with...

FRANKFURT - UniCredit CEO Andrea Orcel approached German lender Commerzbank's management earlier on Wednesday inviting the bank to explore merger talks, a source with knowledge of the matter told Reuters.UniCredit's approach is the strongest indication yet that the Italian lender wants to buy Commerzbank.

A spokesperson for Commerzbank, which said it was holding a board meeting later on Wednesday to discuss UniCredit, neither confirmed not denied an approach had been made. UniCredit was not immediately available to comment.Meta scrapes all the photos and texts in all Facebook and Instagram posts in Australia since 2007, unless the user had set their posts to private, Meta's global privacy director Melinda Claybaugh admitted.

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