UniCredit CEO Says He Can Ditch Commerzbank Deal If There's No Value

The transcript discusses UniCredit's approach to mergers and acquisitions (M&A), highlighting past decisions to walk away from deals due to leaks and unfavorable conditions. It emphasizes the importance of timing and terms in M&A to add value. UniCredit's future plans focus on demonstrating profitability and growth without pressure to engage in acquisitions. The discussion also covers the offer made to Banco BPMA, analyzing market reactions and the rationale behind the offer's premium.

What is the speaker's outlook on the potential for acquisitions in the next few years?

What factors does the speaker consider when determining the fairness of their offer?