Commerzbank's CFO Bettina Orlopp to Lead Talks with UniCredit

Commerzbank's supervisory board is considering appointing CFO Bettina Orlopp to lead merger talks with UniCredit. The Italian bank recently acquired a 9% stake in Commerzbank, prompting the discussions. Despite management's opposition to a takeover, decisions will be made during upcoming strategy meetings. The move is not yet finalized.

Commerzbank is set to appoint its CFO Bettina Orlopp to spearhead merger negotiations with UniCredit. The decision follows UniCredit's acquisition of a 9% stake in the German bank.

According to sources, the supervisory board of Commerzbank will deliberate the move during next week's strategic meetings near Frankfurt. Discussions will focus on the bank's response to UniCredit's merger proposition.

While Commerzbank's management is currently against a takeover by the Italian lender, the final decision is pending. The bank has declined to comment on the matter.

(With inputs from agencies.)