Commerzbank chair says small chance for amicable UniCredit merger, Reuters says

Commerzbank’s (CRZBY) supervisory board chairman Jens Weidmann said there is only a small chance for an amicable merger with UniCredit (UNCRY) following the bank’s surprise purchase of a hefty stake in the German lender, Reuters reports, citing German newspaper Handelsblatt. “It’s like any relationship: if the start is unsuccessful, it will be difficult,” Weidmann told Handelsblatt in an interview, according to Reuters. Additionally, Weidmann expressed doubt the takeover could create sustainable value.