The chief executive of UniCredit said in a newspaper interview on Friday the Italian bank was likely to withdraw its offer for smaller peer Banco BPM.
EU antitrust regulators on Thursday approved with conditions Italian bank UniCredit's takeover of rival Banco BPM.
Milan state prosecutors have heard testimony from UniCredit CEO Andrea Orcel and a Mediobanca executive as they look into the government's sale of a 15% stake in Monte dei Paschi di Siena to a small g
UniCredit's Chief Executive Andrea Orcel on Tuesday vowed to gradually reduce the stake it has built in the country's top insurer Generali , ruling out large insurance deals for Italy's second-biggest
Italy has responded to European Union queries on the conditions it has imposed on UniCredit's bid for Banco BPM by saying domestic savings are a matter of national security, sources familiar with the
UniCredit (UNCRY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
An Italian court on Thursday rejected an appeal by Banco BPM which had challenged the suspension of a takeover offer it faces by rival UniCredit , the court's website showed.
UniCredit CEO Andrea Orcel discusses the bank's interests in Banco BPM and Commerzbank and wider banking consolidation in Europe from the Goldman Sachs European Financials Conference in Berlin.
UniCredit CEO Andrea Orcel said on Wednesday he currently saw little scope to advance his acquisition strategy, given that Commerzbank had become too pricey and Italy was effectively blocking a takeov
The UniCredit CEO stressed that UniCredit is presently "far away" from a merger bid with Commerzbank and would first seek a "constructive solution" to opposition from the German government.
The chances that UniCredit can see through its takeover bid for smaller peer Banco BPM are at best 20%, CEO Andrea Orcel said on Wednesday.
Italian bank UniCredit has offered to divest 206 branches in an attempt to secure EU antitrust approval to buy rival Banco BPM , three sources with direct knowledge of the matter said on Tuesday.
German Chancellor Friedrich Merz criticised UniCredit's effort to build up a stake in Commerzbank on Tuesday, saying that the Italian lender's approach was unacceptable.
An Italian court on Wednesday postponed its decision to July 9 on UniCredit's appeal against government-imposed conditions on its takeover bid for rival Banco BPM , a source with knowledge of the matt
Italy's Treasury said on Friday it sent a letter to UniCredit confirming the "full legitimacy" and feasibility of the terms it has imposed on the bank's bid for Banco BPM under its so-called golden po
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