UniCredit Hires Deloitte

Italy Seeks Ways to Counter UniCredit's Takeover Bid for BPM, FT Reports
UniCredit's bid for BPM also throws a spanner in the works for Italy's government, which had advanced plans for a merger of BPM with rival Monte dei Paschi di Siena which it saw as strengthening its banking sector without harming competition.
UniCredit Hires Deloitte to Advise on Banco BPM Takeover Bid
UniCredit SpA has hired Deloitte LLP to advise Italy’s second-biggest bank on its takeover bid for Banco BPM SpA, people familiar with the matter said.
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.
BPM spurns UniCredit’s takeover bid
The bank blasted what it sees as a weak premium. Its CEO warned a deal would cost BPM 6,000 jobs. And Italian officials expressed concern that a UniCredit tie-up would stall efforts to grow BPM.
UniCredit makes $11 billion bid for rival Italian bank
UniCredit on Monday launched a bid for rival Banco BPM, in a move that was seen as decreasing the chances it will acquire Germany’s Commerzbank.
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.
Banco BPM Board Member Says UniCredit Bid Is Hostile, ANSA Reports
MILAN (Reuters) - 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 ($10.5 billion) takeover bid launched on Monday by Italy's second-largest bank.
Italy denies report on decree to counter UniCredit's takeover bid for BPM
The Italian Treasury on Friday denied drafting an emergency decree to counter UniCredit's takeover bid for smaller rival Banco BPM after the Financial Times reported Rome was considering this option.
Rome seeks ways to counter UniCredit’s takeover bid for BPM
Andrea Orcel’s move has frustrated Giorgia Meloni’s plan to merge state-backed Monte dei Paschi di Siena with BPM
UniCredit to Discuss Amundi in Credit Agricole Talks
UniCredit SpA and Credit Agricole SA will also discuss a crucial distribution agreement between the two companies when their ...
Reuters on MSN21h
Unwelcome in Germany, UniCredit CEO zeroes in on Italy
UniCredit hits resistance from German corporate elite over Commerzbank bid Orcel shifts focus to Banco BPM with a 10 bln ...
Moody’s Confirms UniCredit’s Stable Ratings Amid Acquisitions
UniCredit SpA (IT:UCG) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now At ...
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Inside the UniCredit-Commerzbank Showdown: Andrea Orcel's Banking Ambitions
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 ...
Amundi says 1.3% UniCredit stake held on behalf of clients
French asset manager Amundi holds a 1.3% stake in UniCredit on behalf of its clients, Europe's biggest fund management ...
The Banker2d
Banco BPM boss warns of job losses in UniCredit deal; Musk calls to ‘delete’ US Consumer Financial Protection Bureau
Banco BPM’s chief executive Giuseppe Castagna has rejected UniCredit’s unsolicited €10.1bn all-share offer, warning it could result in over 6,000 job cuts, representing more than a third of the bank’s ...