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UniCredit CEO Hints at Possible Bid Increase Amid Talks

3/19/2026

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Summary

Story summary

On March 18, 2026, Andrea Orcel, CEO of UniCredit, said the bank may improve its €35 billion bid if merger talks yield positive results, though he regards this as unlikely.
The bid aims to initiate discussions rather than gain control.
Commerzbank shares rose 6.7% after Orcel's remarks.
UniCredit expects to know the bid's outcome by June 2026, with settlement anticipated in the first half of 2027, pending regulatory approvals.

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Story summary

On March 18, 2026, Andrea Orcel, CEO of UniCredit, said the bank may improve its €35 billion bid if merger talks yield positive results, though he regards this as unlikely.
The bid aims to initiate discussions rather than gain control.
Commerzbank shares rose 6.7% after Orcel's remarks.
UniCredit expects to know the bid's outcome by June 2026, with settlement anticipated in the first half of 2027, pending regulatory approvals.