Italian TV group MFE-MediaForEurope has asked UniCredit to arrange a loan worth 3.4 billion euros ($3.6 billion) with a group of banks to finance a bid for German rival ProSiebensat1 in 2025, Il Messa
The Italian government is ready to use its special vetting powers if UniCredit's takeover bid for smaller rival Banco BPM goes against the national interest, the prime minister said on Monday.
The Italian government is vying options to counter UniCredit's takeover bid for smaller rival Banco BPM , including an emergency decree, the Financial Times reported on Friday, citing two people with
Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce resistance to his interest in German flagship lender Commerzbank.
UniCredit's bid for Banco BPM raises concerns about the potential impact of the deal on jobs, the banking sector's main union said on Thursday.
French asset manager Amundi holds a 1.3% stake in UniCredit on behalf of its clients, Europe's biggest fund management company said in reply to a Reuters query.
Banco BPM , the target of an unsolicited all-share offer announced by UniCredit, should continue being a "big autonomous bank," its CEO said in a letter to staff on Wednesday.
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 gathers its board on Tuesday for an initial discussion on the 10 billion euro ($10.5 billion) unsolicited takeover offer that rival UniCredit has launched for Italy's third-largest bank.
UniCredit's surprise bid for Italy's Banco BPM is hostile, a board member of the smaller lender told Italian newswire ANSA on Tuesday.
UniCredit CEO Andrea Orcel said the Italian government's initial response to his bank's unsolicited bid for rival Banco BPM is only natural as every change in the banking system needs careful assessme
Italy's third-largest bank Banco BPM has been on UniCredit CEO and veteran dealmaker Andrea Orcel's wish list since he took up his current role in 2021.
Italy reserves the right to use its golden power legislation aimed at shielding strategic assets on UniCredit's plans to take over Banco BPM , Economy Minister Giancarlo Giorgetti said.
UniCredit on Monday launched a bid for a rival Italian bank in a move that was seen as decreasing the chances it will acquire Germany's Commerzbank.
Kian Abouhossein, head of European bank equity research and global IB coverage at JP Morgan, discusses UniCredit's bid to buy Banco BPM.
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