News

UniCredit’s $10 Billion-Plus Bid for Banco BPM Gets EU Clearance
UniCredit said the EU wouldn’t launch an in-depth investigation into its bid for its smaller rival, effectively clearing the ...
Italian court defers UniCredit appeal over Banco BPM bid terms to July 9, source says
An Italian court on Wednesday postponed its decision to July 9 on UniCredit's appeal against government-imposed conditions on ...
UniCredit in ‘Constructive’ Talks With Italy on Banco BPM Bid
UniCredit SpA said it’s in “constructive” talks with Italy’s government over the conditions imposed on its bid to take over ...
Italy stands by terms imposed on UniCredit-Banco BPM deal
Italy's Treasury said on Friday it sent a letter to UniCredit confirming the "full legitimacy" and feasibility of the terms ...
Italy’s Banco BPM Appeals UniCredit Bid Delay in Escalation
Banco BPM SpA is seeking to block Italy’s market regulator from delaying a proposed takeover of the bank by UniCredit SpA, as ...
UniCredit can let BPM bid lapse, but will hold onto Commerzbank, CEO says
Italy's UniCredit is ready to let its offer for Banco BPM lapse, CEO Andrea Orcel said on Tuesday, but added the situation ...
Italy economy minister says would quit if defied on UniCredit-BPM deal
ROME (Reuters) -Italian Economy Minister Giancarlo Giorgetti said on Wednesday he would resign if he were overruled on ...
UniCredit Doubles Down on Banco BPM Offer
UniCredit said it rejects Banco BPM's allegations. The lender said that the offer still meets its financial metrics, albeit at a lower return on investment since BPM's acquisition of asset manager ...
Banco BPM is said to challenge regulator’s delay of UniCredit takeover bid
Banco BPM (OTCPK:BNCZF) is pushing back against Italy’s financial regulator in an escalating legal standoff over a potential takeover by UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY). The Milan-based lender ...