Timing is key as UniCredit comes into frame as possible Commerzbank buyer

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Timing is key as UniCredit comes into frame as possible Commerzbank buyer

David Rothnie, 
Jasper Cox
April 04, 2019 08:30 PM
Mustier_PA_230x150
Chief executive officer of SG Global Investment Management & Services and Chief executive officer of SociŽtŽ GŽnŽrale Asset Management Jean-Pierre Mustier looks on during the presentation of the bank's first quarter 2009 results, on May 7, 2009 at the bank's headquarters in the Paris-La Defense district of Puteaux, west of Paris. Societe Generale returned to a loss in the first quarter after the further devaluation of its U.S. real estate-linked assets caused it to take nearly euro2 billion (USD2.7 billion) in new writedowns and provisions. Oudea is to take on the chairman's duties May 24, while keeping his job as CEO. Photo by Etienne de Malglaive/ABACAPRESS.COM | De Malglaive Etienne/ABACA/PA Images

UniCredit will seek to ensure it hits its 2019 financial targets before going ahead with a bid for Germany’s Commerzbank, if the latter’s talks with Deutsche Bank collapse.

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