Tag: UniCredit
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Credit Agricole vows to defend Italian interests after strong end to 2024
Credit Agricole (CAGR.PA), opens new tab has vowed to defend its interests in Italy, with outgoing CEO Philippe Brassac saying the French bank had no plans to buy Banco BPM (BAMI.MI), opens new tab, which is the target of an unsolicited bid from UniCredit (CRDI.MI), opens new tab. “Our only motivation is to defend our own interests, we are…
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UniCredit CEO says $10.5 billion Banco BPM bid is fair as offer becomes binding
UniCredit (CRDI.MI), opens new tab on Friday filed its buyout offer for rival Banco BPM BAMI.MI with Italy’s market regulator, and CEO Andrea Orcel said the price was adequate. The filing makes the 10-billion-euro ($10.5 billion) all-share offer, which UniCredit announced on Nov. 25, binding and sets a price floor. UniCredit also applied to relevant authorities for regulatory approval.…