Italy's BPM asks market watchdog to protect stakeholders after UniCredit bid
Italy's Banco BPM said on Tuesday it would ask market watchdog Consob to adopt measures to protect the bank's stakeholders and its bid for Anima , after rival UniCredit launched its own bid for BPM.
Germany Says It Expects UniCredit to Sell Commerzbank Stake
The German government strengthened its criticism of UniCredit SpA’s pursuit of Commerzbank AG and called on the Italian bank to reduce its stake hours after it announced the further use of derivatives to increase its control.
UniCredit Ups Pressure On Commerzbank, Fuelling German Anger
Italian bank UniCredit said Wednesday it had boosted its stake in Germany's Commerzbank, intensifying takeover speculation and sparking condemnation from Berlin of an "unfriendly" move at a time the country is in political limbo.
UniCredit CEO says Commerzbank stake, BPM bid are tests for Europe's future
MILAN (Reuters) -UniCredit CEO Andrea Orcel said his bank's investment in German rival Commerzbank and its bid for smaller domestic peer Banco BPM will test Europe's commitment towards greater integration,
Germany criticises UniCredit's 'unfriendly' moves on Commerzbank
Italian bank UniCredit's move to increase its stake in German lender Commerzbank, which further fuelled speculation of a takeover bid, was "uncoordinated and unfriendly", the German government said Wednesday.
Italy's UniCredit further expands stake in Germany's Commerzbank
Major Italian bank UniCredit is expanding its stake in German lender Commerzbank through financial instruments, with the total position now amounting to around 28%, the Italian bank announced on Wednesday.
Germany rejects UniCredit's latest Commerzbank stake hike in strongest rebuke yet
Germany rejected UniCredit's latest Commerzbank stake increase as an "uncoordinated and unfriendly approach" on Wednesday, strongly rebuking the Italian bank. UniCredit, which angered Berlin when it emerged as Commerzbank's biggest private investor in September,
Banco BPM Cuts 587 Jobs After Union Deal
Banco BPM will cut 587 jobs after reaching an agreement for voluntary redundancies and new hires with trade unions, the Italian bank said.
Italy's Banco BPM strikes deal with unions on 550 hirings, 1,100 early retirements
Italy's Banco BPM has struck a deal with trade unions on 550 new hirings in exchange for 1,110 voluntary early retirements, ...
Banco BPM Asks Italy’s Market Regulator to Take Measures After UniCredit Bid
Banco BPM SpA urged Italy’s market regulator Consob to take measures to protect the bank’s stakeholders after UniCredit SpA’s ...
UniCredit's Orcel Was Plotting Bid Before Banco BPM Forced Hand, Sources Say
Orcel has been out of favour in Rome since he snubbed a chance to buy MPS from the state in 2021, deeming as insufficient the ...
Banco BPM Requests That Italian Regulator Takes Measures After UniCredit Takeover Proposal -- Update
Italian lender Banco BPM said it requested that Italy's securities market regulator, Consob, take measures to protect stakeholders and the market following last month's takeover bid from bigger rival ...
Banco BPM Rises as Credit Agricole Moves to Defend Interests
Banco BPM SpA rose in Milan trading after Credit Agricole SA raised its stake in Italy’s third-largest bank, a move aimed at ...
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Could a French bank foil UniCredit’s play for Banco BPM?
Crédit Agricole boosted its stake in BPM — borrowing a strategy UniCredit used on Commerzbank. The French bank insists it doesn’t aim to buy BPM. The Italian government seems OK with that.
UniCredit CEO says Commerzbank stake, BPM bid tests for Europe's future
UniCredit's CEO Andrea Orcel said his bank's investment in German rival Commerzbank and its bid for smaller domestic peer ...