Takeover: Boris Rhein meets Unicredit CEO - and presents five demands for the future of Commerzbank
The Prime Minister of Hesse made it clear at a meeting with Andrea Orcel what is important to him after the takeover of Commerzbank. One point in particular has the potential for conflict.
Hessen's state government is advocating for Frankfurt's financial sector in the upcoming takeover of Commerzbank by Unicredit. Minister-President Boris Rhein met with Unicredit CEO Andrea Orcel, presenting five demands, including maintaining Commerzbank's German stock listing and Frankfurt headquarters. Rhein also wants Commerzbank's name to remain a main brand in Germany and its corporate business not to be transferred to other Unicredit units.
Unicredit described the talks as constructive, while the Hessian state chancellery declined to comment. Bundesfinanzminister Lars Klingbeil has invited Orcel to Berlin on September 14.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
