{
Monte dei Paschi di Siena (MPS)

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}
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001122334455554433221100

unicredit proposes 10.5 billion dollar acquisition of banco bpm

UniCredit has proposed to acquire Banco BPM for approximately €10 billion ($10.5 billion), offering €6.657 per share, slightly above its recent closing price. This all-stock deal aims to strengthen UniCredit's position as a leading pan-European banking group, amid ongoing consolidation in the European banking sector. While shares of Banco BPM rose 5%, UniCredit's shares fell 1.7%, reflecting market uncertainty about the feasibility of simultaneously pursuing this acquisition alongside its stake in Commerzbank.
CNBC
Euro UniCredit S.p.A. Banco BPM S.p.A. Commerzbank AG Monte dei Paschi di Siena (MPS) ITA DEU Andrea Orcel Olaf Scholz Kian Abouhossein Show more
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07:22 25.11.2024
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