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unicredit secures consob approval for banco bpm exchange offer starting april 28
UniCredit Spa has received approval from Consob for its voluntary public exchange offer on Banco BPM, set to begin on April 28 and conclude on June 23. The offer involves up to 1.52 billion shares, with a consideration of 0.175 newly issued UniCredit shares for each Banco BPM share exchanged. Settlement is scheduled for July 1.
unicredit announces capital increase for takeover bid on banco bpm
UniCredit Spa's board has approved a capital increase to support a full takeover bid for Banco BPM, excluding pre-emptive rights. This decision, made on March 30, follows a proxy from an extraordinary shareholders' meeting on March 27, and aims to issue new shares for Banco BPM shareholders. Additional documentation will be released on March 31, including a fairness opinion from KPMG.
Intesa Sanpaolo ranks among world's most sustainable banks in global index
Intesa Sanpaolo Spa has been recognized as the only Italian bank and the first in Europe to rank second globally among the 100 most sustainable listed companies. This accolade, presented at the World Economic Forum in Davos, stems from the Corporate Knights ranking, which evaluated over 8,400 companies on 25 sustainability indicators, including resource management and carbon emissions reduction.
mixed market performance as companies report varied financial results
European stock indexes are expected to be mixed, with the FTSE Mib projected to decline by 0.2%. In Milan, notable movements included Leonardo rising 1.6% to a 52-week high, while Telecom Italia fell 0.8% amid legal challenges. Meanwhile, Japan reported a narrowed trade deficit, and UK consumer confidence dropped in January.
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