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VisitUniCredit Launches $10.57 Billion (€10 Billion) Takeover Bid for Banco BPM
Nov 25, 2024, 07:32 AM
Italian lender UniCredit has launched a takeover bid for rival Banco BPM, offering approximately $10.57 billion in an all-stock deal. The acquisition aims to combine Italy's second and third largest banks, enhancing their pan-European presence and contributing to the consolidation of Europe's fragmented banking sector. UniCredit's offer includes 0.175 shares for each Banco BPM share. The deal, also reported to be worth $11 billion and €10 billion, is part of UniCredit CEO Andrea Orcel's strategy to expand the bank's operations.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Approved and completed • 25%
Rejected by shareholders • 25%
Blocked by regulators • 25%
Withdrawn by UniCredit • 25%
Approved and completed • 25%
Approved but not completed • 25%
Rejected by regulators • 25%
Rejected by shareholders • 25%
0.180 shares per BPM share • 25%
Other • 25%
0.175 shares per BPM share • 25%
0.185 shares per BPM share • 25%
Current Banco BPM CEO • 25%
Other • 25%
Andrea Orcel • 25%
Joint management • 25%