Unicredit could sell Commerzbank stake to non-EU bank, CEO tells German paper

Group 1 - UniCredit's CEO Andrea Orcel indicated the possibility of selling its 26% stake in Commerzbank to a non-EU bank if a favorable offer is received that aligns with shareholder interests [1][2] - The German government, which holds a 12% stake in Commerzbank, is opposed to any takeover, complicating potential sale scenarios [1] - Orcel expressed a desire to strengthen European banking but acknowledged that market dynamics would ultimately dictate the outcome [3] Group 2 - If shareholders become dissatisfied with the investment in Commerzbank, UniCredit could sell the stake for a profit [2] - Orcel emphasized the obligation to accept the best offer for shareholders, even if it comes from outside the EU [2]