UniCredit SpA Chief Executive Officer Andrea Orcel said he’s not holding any live talks with Credit Agricole SA to discuss his bid for Banco BPM SpA, while signaling confidence a deal can be done.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt Marseille“We need to be quite careful with any interaction because we need to treat all shareholders the same,

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.

UniCredit CEO Andrea Orcel says he's not holding any live talks with Credit Agricole to discuss his bid for Banco BPM. He also says he's optimistic about winning support for a possible bid for Commerzbank AG once a new German government is formed.