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UniCredit to bid for BPM on April 28
Gulf Today
|April 06, 2025
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 per cent of BPM's capital.
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Credit Agricole became Banco BPM's main investor in 2022, acquiring a 9.2 per cent of the Milanese bank, shortly after an earlier aborted takeover attempt by UniCredit for the smaller rival.
Following authorisation from the European Cen-tral Bank, the French group will hold 19.8 per cent of Banco BPM, it said on Wednesday.
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