Italian politicians take dim view of UniCredit bid for Banco BPM
Italy reserves the right to use its golden power legislation aimed at shielding strategic assets in regards to UniCredit's plans to take over Banco BPM , Economy Minister Giancarlo Giorgetti said.
UniCredit Informed Government, Banco BPM Ahead of Making Bid
UniCredit SpA informed top officials in the Italian government and Banco BPM SpA Chairman about its intention to make a takeover bid for its smaller rival before announcing the move on Monday, people with knowledge of the matter said.
Italy’s Banco BPM Rebukes UniCredit’s $10.5 Billion Bid
The Italian lender rejected the offer from its larger rival, saying it undervalues the bank and creates uncertainty.
Banco BPM rejects UniCredit takeover bid
In its first comments since UniCredit made its all-share offer, BPM said it remained “focused on the implementation of its 2023-2026 business plan and on its takeover of [asset manager] Anima”. UniCredit on Monday launched a €10.
Banco BPM to Discuss UniCredit’s Unsolicited $11 Billion Bid
Banco BPM SpA is set to discuss the surprise takeover bid from UniCredit SpA, with investors waiting for a response to a move that has rattled the Italian government and complicated an effort to build a new banking group in the country.
Banco BPM board member says UniCredit bid is hostile, ANSA reports
UniCredit's surprise bid for Italy's Banco BPM is hostile, a board member of the smaller lender told Italian newswire ANSA on Tuesday. He was speaking ahead of a Banco BPM board meeting for an initial discussion on the 10 billion euro ($10.
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 Banco BPM for roughly $10.
Banco BPM Says UniCredit Bid Doesn’t Reflect Its Profitability
Banco BPM SpA said the takeover bid it has received from UniCredit SpA wasn’t agreed in advance and isn’t in line with its performance.
Banco BPM Responds to UniCredit’s Share Offer
Banco BPM S.p.A. (IT:BAMI) has released an update. UniCredit has launched a public voluntary exchange offer for all shares of Banco BPM, which was
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UniCredit offers to buy rival Italian bank for €10 billion
UniCredit has offered to buy rival Italian lender Banco BPM for €10 billion in stock. Why it matters: The surprise bid could ...