(Bloomberg) -- Commerzbank AG is looking to speed up the process to replace Chief Executive Officer Manfred Knof as it contends with a possible takeover approach by rival UniCredit SpA.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughAOC Proposes $30 Billion Social Housing AuthorityNew York City’s Transit System Plans $65.4 Billion of Upgrades for Grand Central, SubwaysTo Build a Happier City, Design for DensityPipe Fire Near Houston Forces Residents to
FRANKFURT (Reuters) -Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank's supervisory board meets next week, two people with knowledge of the matter said, as the Italian rival eyes a takeover. UniCredit recently bought a 9% stake in Commerzbank, expressing interest in a merger. The meeting next week would pave the way for exploratory talks between the two to begin.
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