UniCredit to Decide on Commerzbank Bid in a Year, Orcel Says (1)

UniCredit SpA Chief Executive Officer Andrea Orcel wants to decide at the end of this year whether he makes a takeover offer for Commerzbank AG, linking the decision to the next German government’s willingness to let the deal happen.

“I am pleased that the German elections are a bit earlier because we need to wait for the new government to be in place to start a conversation with them,” Orcel said in an interview Tuesday. “I expect that a decision on a possible takeover will be taken in the last quarter of this year or the first quarter of next ...