In this episode of M&A Talks Europe, we explore Unicredit’s surprising acquisition of a 9% stake in Commerzbank, positioning it as the largest private shareholder in Germany’s second-largest bank. This move could lead to the creation of the EU’s biggest bank and spark a wave of consolidation in Europe’s fragmented banking sector. We analyze the potential synergies between Unicredit and Commerzbank, CEO Andrea Orcel’s strategic ambitions, and the political and managerial challenges that could stand in the way of this landmark deal.