UniCredit threatens to drop Banco BPM takeover offer if Anima bid cost rises
UniCredit offered to buy the second largest Italian bank Banco BPM for €10bn in late November last year. The acquisition was a counter offer by UniCredit after BPM's bid to buy Anima for €1bn - to boost its asset management fee income amid falling interest rates.
UniCredit offered to buy the second largest Italian bank Banco BPM for €10bn in late November last year. The acquisition was a counter offer by UniCredit after BPM's bid to buy Anima for €1bn - to boost its asset management fee income amid falling interest rates.
What's Your Reaction?
