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Unicredit CEO says is not interested in buying Commerzbank
September 4, 2013 / 12:21 PM / in 4 years

Unicredit CEO says is not interested in buying Commerzbank

FRANKFURT (Reuters) - Unicredit (CRDI.MI) Chief Executive Federico Ghizzoni said the Italian lender would not bid for German competitor Commerzbank (CBKG.DE).

People walk past UniCredit Bank branch in Riga February 13, 2012. REUTERS/Ints Kalnins

Speaking at a banking conference in Frankfurt on Wednesday Ghizzoni was asked if he had any interest in buying Germany’s second-largest lender.

“We are not interested in Commerzbank,” Ghizzoni told reporters.

Reporting by Edward Taylor

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