Commerzbank benefits from Müller’s surprise medicine
Commerzbank would later be described by some sections of the press as the party that was rebuffed during the negotiations. Others say that Commerzbank proposed that more time was needed for HVB to restructure its loan book, and that merger negotiations should be put on hold for a year.
Commerzbank’s CEO, Klaus-Peter Müller, rejects the suggestion that the subsequent breakdown of those negotiations and HVB’s purchase by UniCredit of Italy exerted any pressure on Commerzbank to look for an alternative acquisition.
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