UniCredit Says No Mandate Has Been Signed After Report of Potential Bid for Commerzbank
15 Mai 2019 - 7:46AM
Dow Jones News
By Cristina Roca
UniCredit SpA (UCG.MI) said late Tuesday that no banking mandate
has been signed after Reuters reported that the Italian bank is
mulling a takeover bid for Commerzbank.
On Tuesday, Reuters reported that UniCredit has approached
investment bankers and advisors for counsel regarding a potential
bid for the German bank.
UniCredit said it is focused on its Transform 2019 plan, which
is "based on organic assumptions."
The bank said it was responding to the speculation at the
request of the Italian market authorities.
Write to Cristina Roca at cristina.roca@dowjones.com
(END) Dow Jones Newswires
May 15, 2019 01:31 ET (05:31 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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