Italy 2nd Largest Bank UniCredit Offers $10.6 Billion (€10.1 Billion) to Buy Local Competitor Banco BPM in All-Share Deal
26th November 2024 | Hong Kong
Italy 2nd largest bank UniCredit ($65 billion market value) has offered $10.6 billion (€10.1 billion) to buy local competitor Banco BPM in all-share deal. UniCredit – UniCredit is a pan-European Commercial Bank with a unique service offering in Italy, Germany, Central and Eastern Europe. Our purpose is to empower communities to progress, delivering the best-in-class for all stakeholders, unlocking the potential of our clients and our people across Europe. Banco BPM – On 1 January 2017, two large so-called ‘popolari’ banks, Banco Popolare and Banca Popolare di Milano, merged and transformed into a joint stock company (S.p.A.). The Banco BPM group was established: a solid entity, with over 20,000 employees, 1,400 branches and around 4 million customers. Banco bpm, which today is Italy’s third largest financial services group in terms of assets, has a deeply rooted presence in the regions of northern Italy, including those with the highest industrial concentration in Europe.
“ Italy 2nd Largest Bank UniCredit Offers $10.6 Billion (€10.1 Billion) to Buy Local Competitor Banco BPM in All-Share Deal “
Italy 2nd Largest Bank UniCredit Offers $10.6 Billion (€10.1 Billion) to Buy Local Competitor Banco BPM in All-Share Deal
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