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UniCredit posts surprise profit jump, drops Banco BPM bid

UniCredit has today posted a much higher than expected quarterly profit and raised its 2025 outlook, a day after ditching a takeover bid for rival Banco BPM which had led Italy's second biggest bank to clash with the government.

Business • 23 Jul

Court scraps some demands in UniCredit's BPM bid

An Italian court has scrapped some of the conditions Rome had set to clear UniCredit's takeover offer for Banco BPM, except a request that it stop operating in Russia - which the Milan-based lender may struggle to comply with.

Business • 14 Jul

UniCredit CEO says likely to withdraw offer for Banco BPM

The chief executive of UniCredit said in a newspaper interview the Italian bank was likely to withdraw its offer for smaller peer Banco BPM.

Business • 20 Jun

UniCredit has posted a surprise increase in first-quarter profit

UniCredit ups profit outlook, to be selective on deals

Italy's second-biggest bank UniCredit has strengthened its 2025 outlook after posting a surprise increase in first-quarter profit, and said it would pursue deals only if they further improved its "unmatched standalone case".

Business • 12 May

UniCredit last week received a green light from the European Central Bank for the Banco BPM deal

UniCredit to launch BPM bid on April 28

UniCredit said it would launch on April 28 its buyout offer for Banco BPM on the same day as French bank Credit Agricole said it had secured supervisory approval to hold up to 19.9% of BPM's capital.

Business • 02 Apr

Italy's UniCredit has raised its stake in Germany's Commerzbank to 28%

UniCredit cranks up its Commerzbank stake

Italy's UniCredit said today it had raised its stake in Commerzbank to 28%, ratcheting up the pressure on the German lender while at the same time it pursues a bid for smaller domestic rival Banco BPM.

Business • 18 Dec 24

UniCredit said the buyout offer for Banco BPM was independent of its proposed investment in Germany's Commerzbank

UniCredit launches surprise €10 billion bid for Banco BPM

Italy's UniCredit has today launched a surprise €10 billion bid for domestic peer Banco BPM, which CEO Andrea Orcel said would take precedence over any potential move on Germany's Commerzbank.

Business • 25 Nov 24

Banco BPM