Commerzbank CEO tells employees UniCredit talks make sense only after it lays out deal in document

Commerzbank’s CEO Bettina Orlopp told employees on Friday that discussions with Italy’s UniCredit only made sense once UniCredit provided key points it had in mind for a deal. This was stated in a video message, the transcript of which was seen by Reuters.

Orlopp addressed the employees directly about the conditions for advancing in talks with UniCredit. The CEO emphasized the need for UniCredit to present its key deal points before further talks.