Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability
Italian lender Banco BPM on Tuesday said the unexpected takeover offer by domestic rival UniCredit does not reflect its profitability and could reduce its legal autonomy. UniCredit offered to snap up ...
MILAN, Nov 25 (Reuters) - Italy's third-largest bank Banco BPM (BAMI.MI), opens new tab has been on UniCredit (CRDI.MI), opens new tab CEO and veteran dealmaker Andrea Orcel's wish list since he took ...
MILAN, Nov 6 (Reuters) - Banco BPM (BAMI.MI), opens new tab said on Wednesday it could beat its 2024 earning per share (EPS) guidance after posting a 79.8% rise in nine-month net profit from a year ...
Banco BPM SpA rebuffed an unsolicited approach by UniCredit SpA, saying its takeover proposal wasn’t agreed in advance, is too low and would likely hurt jobs and competition in Italy. The deal terms ...
Like any good investment banker, Andrea Orcel isn’t content to wait for a single deal. With UniCredit SpA’s potential bid for Germany’s Commerzbank AG effectively on hold, the Italian chief executive ...
ROME (Reuters) - France's Credit Agricole had informal backing from the Italian government before it said on Friday it was raising its stake in Banco BPM, two sources close to the matter told Reuters.
MILAN (Reuters) -UniCredit has until March to evaluate improving its takeover bid for Banco BPM, CEO Andrea Orcel told an investor call on Wednesday, according to a person who attended the virtual ...
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