Banco BPM, UniCredit

Italy PM says ready to act if UniCredit-BPM tie up against national interest
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. "This is a market operation
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 Hires Deloitte to Advise on Banco BPM Takeover
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.
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.
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.
Orcel’s Next Battle Shapes Up as Banco BPM Rejects UniCredit Bid
Banco BPM SpA said the takeover bid it has received from UniCredit SpA wasn’t agreed in advance and isn’t in line with its performance.
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.
Italy's Treasury denies it's drafting decree to counter UniCredit bid for Banco BPM: report
The Italian Treasury has denied a report that it is drafting an emergency decree to counter UniCredit’s (OTCPK:UNCFF)(OTCPK:UNCRY) 10B euro ($10.6B) bid for Banco BPM, Reuters reported late Friday. UniCredit made the offer for the smaller rival on Monday,
Unwelcome in Germany, UniCredit CEO zeroes in on Italy
Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce ...
UniCredit to Talk Amundi Accord When Meeting Credit Agricole
UniCredit SpA and Credit Agricole SA will discuss a crucial distribution agreement between the two companies when their top ...
UniCredit’s Orcel is just working the angles on European bank mergers
That sort of maths only holds if UniCredit’s shareholders support Orcel’s strategy. Given the uncertainty around his plans, ...
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 ...
NBC Los Angeles8d
UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion
Italian lender UniCredit says its offer for domestic rival Banco BPM is separate from its pursuit of German bank Commerzbank.
UniCredit makes €10bn offer for Italian rival Banco BPM
UniCredit has offered to buy Banco BPM, the European lender said on Monday, in a deal that values its Italian rival at €10bn ($10.5bn). According to the bank, if completed the deal would create Europe ...
Key deals this week: EnLink Midstream, Peabody, StoneCo, UniCredit and more
Oneok (OKE) said Sunday it agreed to acquire all remaining publicly-held units it does not already own of EnLink Midstream ...
The Banker4d
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 ...