UniCredit launches €10.1 bln takeover bid for Banco BPM By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
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Source: Investing.com
UniCredit's Exchange Offer: UniCredit SpA has announced a €10.1 billion voluntary public exchange offer for Banco BPM, proposing an exchange ratio of 0.175 newly issued UniCredit shares for each Banco BPM share, which represents a 15% premium on its recent share price.
Strategic Goals and Integration Plans: The deal aims to strengthen UniCredit's position in Italy, with expected annual benefits of €1.2 billion from cost savings and revenue growth, and plans for full integration by mid-2026, while also addressing ongoing discussions regarding its investment in Commerzbank.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
