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 also discuss a crucial distribution agreement between the two companies when their ...
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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 ...
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 ...
Commerzbank’s stock is taking a hit as investors bet that UniCredit’s $10.5 billion bid for Banco BPM indicates its interest in the German bank is cooling. But some hedge funds suggest the surp ...
UniCredit CEO Andrea Orcel is planning to meet with Credit Agricole management to discuss the future of the lenders' ...
(Bloomberg) -- UniCredit SpA made an unsolicited €10 billion ($10.5 billion) bid for domestic rival Banco BPM SpA as Chief Executive Officer Andrea Orcel’s ambitions to buy Germany’s ...
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 ...
French asset manager Amundi holds a 1.3% stake in UniCredit on behalf of its clients, Europe's biggest fund management ...
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