Banco BPM says UniCredit's ‘unusual' $10.5 billion takeover offer does not reflect its profitability
The 10 billion-euro ($10.52 billion) bid presented by UniCredit on Monday was not previously agreed and was delivered on "unusual" terms, the Banco BPM board of directors said in a CNBC-translated statement. It also failed to reflect Banco BPM's profitability and potential for further value creation, the board added.
UniCredit SpA and Credit Agricole SA will discuss a crucial distribution agreement between the two companies when their top ...
Reuters on MSN16h
Unwelcome in Germany, UniCredit CEO zeroes in on ItalyUniCredit hits resistance from German corporate elite over Commerzbank bid Orcel shifts focus to Banco BPM with a 10 bln ...
Interview with MARCELLO MESSORI, banking expert and economist at the European University Institute in Florence. "The strong profitability of Italian banks and the persistent and strong segmentation of ...
UniCredit SpA (IT:UCG) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now At ...
UniCredit CEO Andrea Orcel is planning to meet with Credit Agricole management to discuss the future of the lenders' ...
UniCredit UCG-0.15%decrease; red down pointing triangle made a $10 billion-plus move on smaller Italian peer Banco BPM BAMI 1.13%increase; green up pointing triangle, shifting its focus away from ...
(Bloomberg) -- 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.
UniCredit CEO Andrea Orcel is navigating fierce resistance regarding his ambitions to take over Germany's Commerzbank, prompting him to refocus on a smaller Italian bank acquisition. German corporate ...
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