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unicredit warns of withdrawal from banco bpm offer amid rising anima bid costs
UniCredit has warned it may withdraw its buyout offer for Banco BPM if shareholders approve a more expensive bid for Anima Holding. Banco BPM's proposal, which requires shareholder approval on February 28, aims to align the bid's price with the market, but faces uncertainty regarding the European Central Bank's capital rules. If the price increase is approved, major Anima investors are likely to sell their stakes to Banco BPM.
ING bank imposes stricter lending rules for oil and gas sector
ING Bank is tightening its lending policies for oil and gas companies, planning to cease financing for those that do not align with net-zero goals by 2026. The new rules will impact around 50 clients, particularly targeting upstream oil and gas firms developing new fields, while also restricting project finance for new LNG export terminals after 2025. The bank's commitment to phase out upstream financing by 2040 reflects a broader trend among European banks to address climate change.
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