Home » Banco Bpm does not open in Piazza Affari, rumors (denials) of a takeover bid by Unicredit

Banco Bpm does not open in Piazza Affari, rumors (denials) of a takeover bid by Unicredit

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Banco Bpm fails to open in Piazza Affari. The shares, indicated in pre-opening at 3.48 euros against yesterday’s reference price at 3.23 euros, are driven by speculative rumors according to which Unicredit is studying the launch of a takeover bid on the institution. The shares of the bank led by Andrea Orcel, meanwhile, lost 0.8%, settling at € 15.71. According to Il Messaggero, UniCredit could come forward with an acquisition proposal as early as the weekend. Meanwhile, in recent days, the bank of Piazza Meda announced the 2021 accounts, closed with an adjusted net profit higher than expected and equal to 710 million euros, with a jump of 114.9% on an annual basis.

“No comment” from Unicredit on the indiscretions reported by the newspaper Il Messaggero which then corrected the shot: “The rumors, from government sources and also accredited by financial sources, would like Banco Bpm to be back in the sights of Unicredit again and even last night there was talk of a possible takeover bid at the turn of the weekend – the Messaggero website reported a few minutes ago – But for the moment no comment has been released by the Milanese institute. Financial circles however let it be known that at the moment no maneuver would be in progress, also because there would be no conditions for a quality merger in line with the objectives of the CEO Andrea Orcel “.

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