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UniCredit Chief Executive Andrea Orcel told CNBC Thursday that the Italian bank could "potentially" acquire Commerzbank in the fourth quarter, attaching a public timeline to the prospective deal while stopping short of a firm commitment.
Orcel's fourth-quarter remarks The comments came in a Thursday interview with CNBC. Orcel used the word "potentially," leaving the outcome conditional rather than certain.
He did not disclose a purchase price, transaction terms, or regulatory status in the interview as reported. A fourth-quarter close would place any completed acquisition between October and December.
UniCredit is the Italian bank Orcel leads as chief executive. Commerzbank is the named acquisition target. The Thursday interview represents Orcel's most specific public statement on timing, according to CNBC.
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