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Investing.com -- Commerzbank CEO Bettina Orlopp described UniCredit’s approach for a potential merger as "unfriendly" on Wednesday, warning that such a deal would likely harm revenue.
Speaking at a financial conference, Orlopp expressed concerns about the cost-cutting focus that would come with any potential transaction.
"It requires really a lot of work, attention, time, and money to achieve that, specifically when it comes to a rather unfriendly large-scale transaction," Orlopp said.
The Commerzbank chief executive indicated that implementing cost reductions in such a merger scenario would not be straightforward and would carry significant risks.
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