The shares of Commerzbank AG rose on Monday, reaching their highest value since August 2011.
Earlier today, CEO Bettina Orlopp, who recently took the baton from Manfred Knof, said during her first interview as the head of the business with Handelsblatt that a potential takeover by UniCredit S.p.A would be "extremely difficult." She believes that under such circumstances, Commerzbank's credit rating would "deteriorate significantly," while customers would likely abandon the firm.
The company's stock advanced by 2.19% at 1:06 pm CET, going for €16.815 apiece.
