UniCredit sees profit of 21 billion in 2030 with Commerzbank merger
UniCredit Bank
Italy's UniCredit said Monday that its proposed hostile takeover of Commerzbank will see the merged group making a net profit of around 21 billion euros in 2030 as it outlined its plans for the German bank. It estimated that the merged group's revenues would amount to around 45 billion euros in 2030, while costs would be below 14.5 billion. Commerzbank and the German government are opposed to the takeover. UniCredit said Commerzbank is currently insufficiently prepared for future
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