Awaiting Commerzbank, Italy's UniCredit Bids For Italian Rival
With its plans for Germany's Commerzbank seemingly stalled, UniCredit, Italy's second-largest lender, on Monday launched a bid to buy its rival BPM for 10.1 billion euros ($10.6 billion).
Italy’s Banco BPM Rebukes UniCredit’s $10.5 Billion Bid
The Italian lender rejected the offer from its larger rival, saying it undervalues the bank and creates uncertainty.
Banco BPM board member says UniCredit bid is hostile, ANSA reports
UniCredit's surprise bid for Italy's Banco BPM is hostile, a board member of the smaller lender told Italian newswire ANSA on Tuesday. He was speaking ahead of a Banco BPM board meeting for an initial discussion on the 10 billion euro ($10.
Italy’s UniCredit makes buyout offer for Banco BPM
Italian banking group UniCredit has initiated an all-share bid for domestic competitor Banco BPM. The move is part of UniCredit's strategy to consolidate its competitive position and expand its presence within Italy.
Italy's UniCredit plans take over of Banco BPM for €10 billion
The major Italian bank UniCredit wants to take over its domestic rival Banco BPM in a share swap costing around €10 billion ($10.5 billion). UniCredit is offering Banco BPM shareholders 0.175 of its own shares per share in Banco BPM.
UniCredit irks Rome with $11 billion Banco BPM swoop after German backlash
Italy's UniCredit on Monday launched a surprise 10 billion euro ($11 billion) bid for domestic peer Banco BPM, which CEO Andrea Orcel said would take precedence over any potential move on Germany's Commerzbank.
Orcel Sees Lower Commerzbank Chances, Focuses on New Target
UniCredit SpA Chief Executive Officer Andrea Orcel, turning to a fresh takeover target, said that the probability of him ...
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Unicredit, Moody's confirms rating: "Bpm acquisition does not hinder M&A with Commerzbank"
Moody's confirms Unicredit's rating, positively assessing the acquisition of Banco Bpm and the expansion with Commerzbank.
STOXX 600 hits two-week high, but UniCredit, Commerzbank cap gains
Europe's main stock index hit a two-week high on Monday, driven by the nomination of the U.S. Treasury secretary and comments ...
UniCredit’s Domestic Deal Won’t End Commerzbank Ambitions
Paul J. Davies is a Bloomberg Opinion columnist covering banking and finance. Previously, he was a reporter for the Wall ...
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Commerzbank (0RLW) Gets a Hold from RBC Capital
In a report released today, Anke Reingen from RBC Capital maintained a Hold rating on Commerzbank (0RLW – Research Report), with a price target of €17.25. The company’s shares closed yesterday at ...
Commerzbank names new CFO amid UniCredit approach
Commerzbank on Thursday named Carsten Schmitt as its new chief financial officer, a crucial role at Germany's No. 2 lender as ...
UniCredit Makes Another M&A Chess Move; Hedge Funds Ponder What's Next
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 ...
Germany Says It Can’t Thwart Potential Hostile Commerzbank Deal
The German government said it wouldn’t be able to thwart an acquisition of Commerzbank AG by UniCredit SpA, highlighting the ...
Bankhaus Metzler Reaffirms Their Buy Rating on Commerzbank (0RLW)
In a report released today, Jochen Schmitt from Bankhaus Metzler maintained a Buy rating on Commerzbank (0RLW – Research Report), with a price ...
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INDIA: Commerzbank Expect Unchanged Rates in Dec and Possibly in H1-2025
Commerzbank believe that the RBI is unlikely to panic following the increase in headline inflation in October as it was mainly due to higher food prices and is likely to be transient.On monetary ...
Andrea Orcel’s journey from foreign predator to domestic consolidator
Massimo Tononi, chair of Milan-based Banco BPM, received a call late on Sunday evening from an unexpected caller: Andrea ...