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UniCredit SpA (CRIN.SG)

58.12

+0.53

+(0.92%)

At close: June 6 at 9:45:02 PM GMT+2

UniCredit’s $10 Billion-Plus Bid for Banco BPM Gets EU Clearance

UniCredit said the EU wouldn’t launch an in-depth investigation into its bid for its smaller rival, effectively clearing the takeover.

The Wall Street Journal yesterday

BNCZF

UNCFF

UNCRY
Are You Looking for a Top Momentum Pick? Why UniCredit S.p.A. Unsponsored ADR (UNCRY) is a Great Choice

Does UniCredit S.p.A. Unsponsored ADR (UNCRY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks 8 days ago

UNCRY
UniCredit to raise stake in Greece’s Alpha Bank

This acquisition of 9.7% will raise UniCredit's total stake in Alpha to approximately 20%.

Retail Banker International 8 days ago

ALPHA.AT

UNCRY
UniCredit to Double Stake in Greece’s Alpha Bank to Around 20%

The move deepens UniCredit’s partnership with one of Greece’s largest lenders at a time when its expansion efforts in Germany and Italy are facing roadblocks.

The Wall Street Journal 9 days ago

BNCZF

UNCFF

UNCRY
Italy Finance Minister says could quit as government splits on UniCredit

ROME (Reuters) -Italian Economy Minister Giancarlo Giorgetti said on Wednesday he would resign if he were overruled on "golden power" conditions the government has tied to UniCredit's bid for smaller bank Banco BPM. Giorgetti, from the hard-right League party, was speaking after reports in Italian newspapers, citing government sources, suggested that changes in the conditions were possible, but were being resisted by the minister. He told reporters in the Senate that without the full support of Prime Minister Giorgia Meloni on the issue he would quit immediately.

Reuters 9 days ago

UNCRY

BAMI.MI
UniCredit offers concessions in bid for EU nod for Banco BPM deal

BRUSSELS (Reuters) -Italian bank UniCredit has offered concessions in an attempt to secure EU antitrust approval for its acquisition of Banco BPM, according to an updated filing on the European Commission website. UniCredit put in its offer on Monday, the filing showed, without providing details in line with the EU competition enforcer's policy. The EU executive, which acts as the competition watchdog for the 27-country bloc, may seek feedback from rivals and customers before deciding whether to accept the concessions, demand more or open a full-scale investigation.

Reuters 10 days ago

UNCRY

BAMI.MI
UniCredit can let BPM bid lapse, but will hold onto Commerzbank, CEO says

MILAN (Reuters) -Italy's UniCredit is ready to let its offer for Banco BPM lapse, CEO Andrea Orcel said on Tuesday, but added the situation was different for Commerzbank where his bank owns a 28% stake and is prepared to wait. UniCredit built the stake in late 2024 and wants to merge its HVB business in Germany with the country's second-biggest bank, a plan that faces strong opposition in Berlin. UniCredit's offer for Italian rival Banco BPM is also in trouble after the government imposed conditions in order to clear it, which UniCredit has said could be harmful.

Reuters 10 days ago

UNCRY

BAMI.MI
Factbox-How many bank takeover bids are happening in Italy?

UNICREDIT'S OFFER FOR BANCO BPM UniCredit on November 25 announced an all-share offer to buy Banco BPM. With an exchange ratio of 0.166, UniCredit's bid values BPM at about 14.4 billion euros ($16.35 billion), 800 million euro below its market value. The tender period started on April 28.

Reuters 14 days ago

UNCRY

MDIBY

BAMI.MI
Analysis-Rome's seat at Italian bank M&A table keeps investors guessing

MILAN/LONDON (Reuters) -Rome's determination to have a say in the reshaping of Italy's financial sector has made things increasingly unpredictable for investors who have waited years for consolidation of the country's fragmented banking landscape. UniCredit and its CEO Andrea Orcel are locked in a standoff with the Italian government over the bank's bid for smaller rival Banco BPM. Italy's second-largest lender said on Friday it would challenge in court the conditions the government has imposed for its bid to proceed, after securing a 30-day suspension of the offer while it disputes Rome's demands.

Reuters 14 days ago

UNCRY
Banco BPM urges UniCredit to drop bid if it can't meet govt's demands

MILAN (Reuters) -Banco BPM on Thursday urged suitor UniCredit to abandon its buyout offer, given the bank led by CEO Andrea Orcel has told authorities it cannot comply with the conditions Rome has imposed to authorise the BPM takeover. UniCredit on Wednesday secured from market regulator Consob a 30-day suspension of its tender offer for Banco BPM as it seeks to persuade the government the conditions cannot be met in their current form. Banco BPM said UniCredit had not made clear to investors what it had told authorities in Rome instead, meaning the conditions Italy has imposed in the name of national security interests cannot be implemented.

Reuters 15 days ago

UNCRY

BAMI.MI
EU deadline on UniCredit, Banco BPM deal extended after national request

BRUSSELS (Reuters) -EU antitrust regulators have extended their decision deadline on Italian bank UniCredit's takeover bid for its smaller rival Banco BPM after a national watchdog asked to take over the review, a European Commission filing showed. The EU competition enforcer's website showed a national agency had submitted a request on May 14 but did not name the country. The Commission, which had originally set a June 4 deadline for its decision, will now decide by June 19 whether to clear the deal, with or without conditions, open a full-scale investigation or hand it over to the national regulator.

Reuters 18 days ago

UNCRY

BAMI.MI
Germany does not expect UniCredit to go for full Commerzbank bid at present

ROME (Reuters) -Germany does not expect Italy's UniCredit to launch a full bid for German rival Commerzbank at present, German Chancellor Friedrich Merz said on Saturday. UniCredit disclosed last year that it had built a web of financial transactions through derivatives to secure a Commerzbank stake of around 28%, and in March received European Central Bank approval to get to 29.9%. It has said the stake is a financial investment and pushed back any decision on a full takeover, which it says it would be the best outcome, to 2026-2027.

Reuters 20 days ago

UNCRY

CBK.DE
Commerzbank CEO and workers rally to fend off UniCredit as investors meet

WIESBADEN (Reuters) -Commerzbank's chief executive and hundreds of employees voiced support for the German lender's standalone strategy as its shareholders met on Thursday, stepping up efforts to fend off advances of Italy's UniCredit. "We are focussing on ourselves and our independent strategy," Commerzbank CEO Bettina Orlopp told Reuters shortly before the start of the meeting. UniCredit, with a stake of nearly 10%, is Commerzbank's second-largest shareholder after the German government.

Reuters 22 days ago

UNCRY

CBK.DE
UniCredit And 2 Other Leading European Dividend Stocks

As European markets navigate a landscape marked by mixed performances in major stock indexes and hopes for easing trade tensions between China and the U.S., investors are increasingly focused on stable income-generating opportunities. In this context, dividend stocks like UniCredit stand out as attractive options for those seeking reliable returns amidst economic uncertainty, offering a potential buffer against market volatility.

Simply Wall St. 22 days ago

ABN.AS

SSH.F

UNCFF
UniCredit SpA (UNCFF) Q1 2025 Earnings Call Highlights: Record-Breaking Quarter with Strong ...

UniCredit SpA (UNCFF) reports its best quarter in history, achieving significant growth in net profit, revenue, and capital strength, while navigating macroeconomic challenges.

GuruFocus.com 24 days ago

UNCRY
Google Cloud to power UniCredit’s digital transformation

The 10-year agreement will see the bank using Google Cloud's infrastructure to enhance its digital architecture in 13 markets.

Retail Banker International 25 days ago

UNCRY

GOOG
UniCredit signs 10-year cloud and AI deal with Google Cloud

Pan-European bank to migrate legacy systems and scale AI-led innovation across 13 core markets.

Leasing Life 25 days ago

UNCRY

GOOG
UniCredit Lifts Outlook After Earnings Beat Market Expectations

UniCredit lifted its guidance for the year after first-quarter earnings beat analysts’ expectations, boosted by higher fee income. The Italian lender said net profit increased to 2.77 billion euros ($3.12 billion) from 2.56 billion euros a year earlier on revenue that grew 2.8% to 6.55 billion euros. Analysts had forecast net profit of 2.33 billion euros on revenue of 6.06 billion euros, according to a company-provided consensus.

The Wall Street Journal 25 days ago

UNCFF

UNCRY
Italy's UniCredit raises profit outlook, still undecided on BPM deal

MILAN (Reuters) -Italy's second-biggest bank UniCredit lifted its 2025 outlook on Monday after posting a surprise increase in quarterly profit but remained resolute that it would not do deals at any cost. CEO Andrea Orcel has thrust UniCredit centre stage, with a 14 billion euro ($16 billion) all-share offer for rival Banco BPM and a 6.7% stake in insurer Generali, which UniCredit has said is a financial investment, the same as its 28% stake in Commerzbank. However, the offer for BPM hangs in the balance after Rome imposed strict conditions to clear it and plans for a Commerzbank takeover also face strong opposition from the new German government.

Reuters 25 days ago

UNCRY
Alpha Services and Holdings SA (ALBKF) Q1 2025 Earnings Call Highlights: Strong Profit Growth ...

Alpha Services and Holdings SA (ALBKF) reports robust first-quarter profits and strategic moves, despite facing global economic challenges.

GuruFocus.com 27 days ago

UNCRY

Performance Overview

Return	CRIN.SG	FTSEMIB.MI (FTSEMIB.MI)
YTD	+55.37%	+18.77%
1-Year	+68.08%	+16.56%
3-Year	+523.44%	+65.28%

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UniCredit SpA (CRIN.SG)

UniCredit’s $10 Billion-Plus Bid for Banco BPM Gets EU Clearance

Are You Looking for a Top Momentum Pick? Why UniCredit S.p.A. Unsponsored ADR (UNCRY) is a Great Choice

UniCredit to raise stake in Greece’s Alpha Bank

UniCredit to Double Stake in Greece’s Alpha Bank to Around 20%

Italy Finance Minister says could quit as government splits on UniCredit

UniCredit offers concessions in bid for EU nod for Banco BPM deal

UniCredit can let BPM bid lapse, but will hold onto Commerzbank, CEO says

Factbox-How many bank takeover bids are happening in Italy?

Analysis-Rome's seat at Italian bank M&A table keeps investors guessing

Banco BPM urges UniCredit to drop bid if it can't meet govt's demands

EU deadline on UniCredit, Banco BPM deal extended after national request

Germany does not expect UniCredit to go for full Commerzbank bid at present

Commerzbank CEO and workers rally to fend off UniCredit as investors meet

UniCredit And 2 Other Leading European Dividend Stocks

UniCredit SpA (UNCFF) Q1 2025 Earnings Call Highlights: Record-Breaking Quarter with Strong ...

Google Cloud to power UniCredit’s digital transformation

UniCredit signs 10-year cloud and AI deal with Google Cloud

UniCredit Lifts Outlook After Earnings Beat Market Expectations

Italy's UniCredit raises profit outlook, still undecided on BPM deal

Alpha Services and Holdings SA (ALBKF) Q1 2025 Earnings Call Highlights: Strong Profit Growth ...

Performance Overview