Germany Calls on UniCredit to Sell Commerzbank Stake
UniCredit Raises Commerzbank Stake to 28% Via Derivative Instruments
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.
Amundi Stands to Benefit From M&A Developments in Italy -- Market Talk
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.
Crédit Agricole Boosts Banco BPM Stake Ahead of Takeover Talks With UniCredit
Credit Agricole Had Informal Backing of Italian Government for BPM Stake Increase: Report
European Prosecutors Search UniCredit Office in Tax-Fraud Probe -- WSJ
EU Officials Raid Bank in Germany Over EUR200 Million Tax Fraud Case; UniCredit Reportedly the Target
Commerzbank's Corporate Clients Oppose Potential Deal With Italy's UniCredit
Key Deals This Week: EnLink Midstream, Peabody, StoneCo, UniCredit and More
Italy's Treasury Denies It's Drafting Decree to Counter UniCredit Bid for Banco BPM: Report
Moody's Affirms UniCredit's Ratings After Banco BPM Bid
Banco BPM Board Says UniCredit's 'Highly Unusual' Bid Does Not Reflect Its Profitability, Value
AlphaValue/Baader Europe Positive on UniCredit's Takeover Bid for Banco BPM
Market Chatter: Banco BPM Board to Meet to Review UniCredit's Surprise EUR10 Billion Offer
Banco BPM's Credit Spreads Likely to Tighten If Acquisition by UniCredit Succeeds -- Market Talk
UniCredit's Offer Is Attractive to Its Shareholders; to Banco BPM's, Not So Much -- Market Talk
Financial Services Roundup: Market Talk
UniCredit Makes EUR10 Billion Play for Italian Peer Banco BPM