Germany Calls on UniCredit to Sell Commerzbank Stake

MT NewswiresDec 19 00:47

UniCredit Raises Commerzbank Stake to 28% Via Derivative Instruments

MT NewswiresDec 18 16:10

BancoBPM requests the Italian regulatory Institutions to intervene in the acquisition of UniCredit Bank.

On December 18, Glonghui reported that the Italian bank Banco BPM stated that following the acquisition proposal from its larger competitor Unicredit last month, it has requested the Italian Securities Market Regulator Consob to take measures to protect Shareholders and the market. Banco BPM CEO Giuseppe Castagna mentioned that the Trade proposed by Unicredit did not recognize a premium beneficial to Banco BPM Shareholders, which has been confirmed by the market's assessment since day one, evaluating the deal at a discount price.

Gelonghui FinanceDec 18 09:21

Amundi Stands to Benefit From M&A Developments in Italy -- Market Talk

WSJDec 11 18:23

Yuxin Bank stated that it is ready to negotiate with the French agriculture crediting bank regarding the acquisition of BPM.

According to Reuters on December 9th, a spokesperson for UBI Banca of Italy stated in a LinkedIn post that UBI Banca is prepared to negotiate with Credit Agricole, the French Agricultural Crediting Bank, who revealed last Friday that its stake in Banco BPM will increase from 9.9% to 15%. Sources said Credit Agricole's focus is on protecting commercial partnerships that allow it to sell products in Italy. As the largest shareholder of BPM, Credit Agricole has ruled out the possibility of a complete acquisition of BPM. Last month, UBI Banca proposed to offer 10 billion euros.

Gelonghui FinanceDec 9 09:53

Crédit Agricole Boosts Banco BPM Stake Ahead of Takeover Talks With UniCredit

MT NewswiresDec 8 19:50