Ticker: CBK.DE

UniCredit CEO Andrea Orcel signals that fully taking over Commerzbank isn't the likely outcome, even as the Italian bank starts a tender offer to boost its stake in the German institution.

UniCredit raises full-year profit forecast to €10.5B after abandoning Banco BPM bid, citing government interference. Q2 net profit jumps 25% to €3.3B, while shares rise 4.36%. Focus shifts to Commerzbank stake and shareholder dividends.