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by Tom Sims
FRANKFURT, September 27 (Reuters) – Bettina Orlopp, appointed chief executive of Commerzbank earlier this week, met virtually with UniCredit bankers on Friday morning as the German bank began discussions with its Italian counterpart over a possible takeover , two sources close to the matter told Reuters.
Italy’s second-largest bank is pushing for a merger with Commerzbank in which it took a stake earlier this month. The German bank, which wishes to remain independent, is seeking to refine its defense against Unicredit’s appetite.
It was not immediately possible to determine which UniCredit executives were present.
Bettina Orlopp told a financial conference in London on Thursday that the two banks would meet to “exchange views” now that UniCredit is a shareholder in Commerzbank.
(Reporting by Tom Sims, written by Miranda Murray, French version Bertrand de Meyer, edited by Blandine Hénault)
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