Green light from the ECB to Unicredit for the ops on Banco Bpm
8 Articles
8 Articles
UniCredit has received permission from the ECB and the Bank of Italy to acquire direct control of Banco Bpm and indirect control of the other companies in the Banco Bpm group and the Anima group. It can be read in a note. The authorizations received today represent the last step necessary to allow CONSOB to complete the approval process, expected next week, of the offer document submitted to it on 13 December 2024. Following the resolution of th…
UniCredit has received permission from the ECB and the Bank of Italy to acquire direct control of Banco Bpm and indirect control of the other companies in the Banco Bpm group and the Anima group. It can be read in a note. (BEND)
In November, UniCredit CEO Andrea Orcel stated that Europe needs "stronger and larger banks that would help to develop its economy and compete against other important economic blocs. Banco BPM was created in 2017 as a result of the merger of Banco Popolare and Banca Popolare di Milano. In terms of its deposits, it is the third largest bank after UniCredit and Intesa Sanpaolo. UniCredit is also interested in a takeover of the German Commerzbank. …
With reference to the public exchange offer promoted on all of Banco Bpm's ordinary shares, Unicredit announces that it has today received authorization from the ECB and the Bank of Italy to acquire, upon the successful outcome of the offer, direct control of Banco Bpm and the indirect control and the indirect qualified participation of banks, financial companies and asset management companies of the Banco Bpm Group and the Anima Group. In a no…
The European Central Bank has authorized Italy's major bank UniCredit to acquire Banco BPM for €10.1 billion. Banco BPM is defending itself against this "hostile takeover attempt."
Handelszeitung
MoneycabThe Italian major bank Unicredit, also interested in taking over Commerzbank, was given the green light by the European Central Bank (ECB) for a purchase of the rival Banco BPM, which was announced by Italy's second largest bank on Friday.
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