The chairman of the Commerzbank
works council, Sascha Uebel, has said Italy's UniCredit is in
for a fight if it decides to try to take over the German lender.
"We are making the road (UniCredit CEO Andrea) Orcel has to take
in the fight with us as muddy and deep as possible," Uebel said
in an interview to DPA, with the Italian bank set to raise its
stake in Commerzbank to just under 30%.
Uebel added UniCredit "will have a hard time" even if it gets to
the stage of takeover negotiations.
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