Banco BPM, UniCredit and Andrea Orcel
Orcel’s Next Battle Shapes Up as Banco BPM Rejects UniCredit Bid
Banco BPM SpA rebuffed an unsolicited approach by UniCredit SpA, saying its takeover offer wasn’t agreed in advance, is too low and would likely hurt jobs and competition in Italy.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City,
First, there was irritation in Berlin. Next, annoyance in Rome. In his search for expansion, Andrea Orcel is taking risks few ...
UniCredit SpA Chief Executive Officer Andrea Orcel, turning to a fresh takeover target, said that the probability of him ...
Massimo Tononi, chair of Milan-based Banco BPM, received a call late on Sunday evening from an unexpected caller: Andrea ...
Interview with MARCELLO MESSORI, banking expert and economist at the European University Institute in Florence. "The strong profitability of Italian banks and the persistent and strong segmentation of ...
Reuters on MSN1d
Unwelcome in Germany, UniCredit CEO zeroes in on ItalyUniCredit hits resistance from German corporate elite over Commerzbank bid Orcel shifts focus to Banco BPM with a 10 bln ...
That sort of maths only holds if UniCredit’s shareholders support Orcel’s strategy. Given the uncertainty around his plans, ...
UniCredit CEO Andrea Orcel is navigating fierce resistance regarding his ambitions to take over Germany's Commerzbank, prompting him to refocus on a smaller Italian bank acquisition. German corporate ...
UniCredit CEO Andrea Orcel is planning to meet with Credit Agricole management to discuss the future of the lenders' ...
Plus, Northvolt’s bankruptcy leads to investor losses and Blackstone teams up with energy giant in new financing deal ...
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