UniCredit CEO says positive discussions may lead to improved terms for Commerzbank bid

Group 1 - UniCredit launched a takeover bid for Commerzbank, aiming to initiate discussions rather than gain control [2] - CEO Andrea Orcel mentioned a "remote" possibility of improving the bid terms based on ongoing discussions [1] - The bid follows UniCredit's initial acquisition of a stake in Commerzbank in September 2024, which led to a stalemate [2]