Banco BPM Rejects UniCredit’s €10B Bid
Banco BPM SpA, Italy’s third-largest bank, has rejected a €10 billion ($10.5 billion) takeover bid from UniCredit SpA, which aimed to create the country’s largest banking entity. Banco announced Tuesday that UniCredit’s offer undervalued its financial strength and future growth potential,
Banco BPM appointed Edoardo Faletti as the new head of the risk management function (risk manager) as well as chief risk officer.
European stocks are expected to open higher Monday as global market sentiment rises. The U.K.'s FTSE 100 index is expected to ...
(Reuters) -Italian lender UniCredit said on Monday it had offered to buy rival Banco BPM in a stock deal valued at about 10.09 billion euros ($10.57 billion). UniCredit said it would offer 0.175 ...
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