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Banco BPM S.p.A. (BAMI.VI)

9.67

+0.16

+(1.64%)

At close: April 25 at 3:30:16 PM GMT+2

Banco BPM formally rejects UniCredit takeover offer

MILAN (Reuters) -Italy's third-largest bank Banco BPM on Thursday formally rejected a takeover bid by bigger rival UniCredit, saying the price was too low and that its shareholders would be penalised in the combined entity. UniCredit has the right until June 30 to drop the offer. "We find it really quite awkward that already three of the conditions UniCredit has included in their offer have not been fulfilled," Banco BPM Chairman Massimo Tononi told a conference call.

Reuters yesterday

UNCRY

BAMI.MI
+2.18%
UniCredit pauses Banco BPM offer over Italian government conditions

The conditions concern the merged entity's credit activity, liquidity management, and UniCredit’s operations in Russia.

Retail Banker International 2 days ago

UNCRY

BAMI.MI
+2.18%
Italy says terms for UniCredit-BPM tie-up avoid helping Russia

ROME (Reuters) -Italy deemed it necessary to set binding conditions before clearing UniCredit's proposed bid for Banco BPM to avoid "even the slightest risk" of aiding Russia's economy where UniCredit operates, a decree seen by Reuters showed. UniCredit said on Tuesday the prescriptions could impair its ability to act "prudently" in the future, and it could not take any decisions on the bid until concerns it immediately raised with the government were addressed. Following supervisory demands, UniCredit has sharply cut its exposure to Russia, but it still runs a local subsidiary, having failed to exit before tighter rules made it near impossible.

Reuters 3 days ago

UNCRY

BAMI.MI
+2.18%
UniCredit Puts Decision on Banco BPM Bid on Hold After Italy Imposes Conditions

The bank said the conditions would constrain how the combined entity ran its future credit activities and liquidity.

The Wall Street Journal 4 days ago

BNCZF

UNCFF

UNCRY
UniCredit says Banco BPM bid can't go ahead with government's conditions

MILAN (Reuters) -UniCredit said on Tuesday its ability to make "sound" decisions could be impaired by the conditions Italy set to clear the bank's bid for Banco BPM, and it could not proceed further unless its concerns are addressed. Growing uncertainty over the fate of UniCredit's 13 billion-euro ($15 billion) all-share bid drove Banco BPM's shares down 2% by 1020 GMT. UniCredit CEO Andrea Orcel has repeatedly said he is ready to drop the tender offer for BPM, despite the good strategic fit, if the deal does not meet his financial metrics.

Reuters 4 days ago

UNCRY

BAMI.MI
+2.18%
'I find it impossible to catch my bearings': Yahoo Finance community reacts to Trump tariff stock market plunge

The markets are undergoing one of the worst stretches in recent memory as Trump tariff fears take hold. Here is what is top of mind with the Yahoo Finance community.

Yahoo Finance 19 days ago

MBGAF

MBGYY

WMT
ECB approves Crédit Agricole’s stake increase in Banco BPM to 19.9%

In Q4 2024 and Q1 2025, Crédit Agricole acquired more financial instruments tied to Banco BPM shares.

Retail Banker International 23 days ago

BAMI.MI
+2.18%
CRARY
Credit Agricole Gets ECB Nod to Raise BPM Stake as UniCredit Readies Bid Launch

The French bank said that the ECB on Tuesday authorized Credit Agricole to cross the 10% threshold in the Italian bank’s share capital and to hold up to a 19.9% stake in Banco BPM.

The Wall Street Journal 24 days ago

UNCFF

UNCRY

BNCZF
UniCredit nears launch of Banco BPM bid as Credit Agricole ups stake

Credit Agricole got the all clear to take a bigger stake in Italy's Banco BPM, posing a hurdle to UniCredit which said on Wednesday it would launch its 14 billion euro ($15 billion) tender offer for BPM on April 28. UniCredit's takeover offer is one of a series of hostile bids shaking up Italy's banking sector, which has rebuilt capital reserves from record profits fuelled by high interest rates, after a bad loan clean-up. Italy's second-biggest bank said its tender offer, cleared by market watchdog Consob, will run until June 23.

Reuters 24 days ago

UNCRY

BAMI.MI
+2.18%
UniCredit secures ECB, Bank of Italy nod for Banco BPM bid

The authorisations mark the final step before Italian securities regulator Consob can complete the review of the offer document.

Retail Banker International 25 days ago

UNCRY

BAMI.MI
+2.18%
UniCredit gets ECB approval for Banco BPM buy, to weigh options

UniCredit, Italy's second-biggest bank, has received European Central Bank authorisation for its 14 billion euro all-share offer to buy smaller rival Banco BPM. UniCredit's offer for BPM is one of several hostile bids rocking Italian banking, which underwent a painful clean-up after the 2008-2012 crisis years but has recently enjoyed record profits due to high interest rates. UniCredit said that its board would approve on Sunday the share issue to fund the bid, which its shareholders authorised on Friday.

Reuters 28 days ago

UNCRY

BAMI.MI
+2.18%
Banco BPM to Press Ahead With Anima Bid After ECB Leans Against Lighter Rule

Banco BPM said it is sticking to its offer for the asset manager, even after the ECB issued a negative view on the application of lighter capital rules to the deal.

The Wall Street Journal 29 days ago

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ANIM.MI
Italy signals light touch when reviewing UniCredit's bid for BPM

Italy intends to use its right to intervene on UniCredit's bid for Banco BPM in a reasonable manner, Economy Minister Giancarlo Giorgetti said on Wednesday, appearing to rule out a hardline approach to the deal. So-called "golden powers" allow Italy's government to block or set conditions on foreign and domestic corporate takeovers in strategic sectors such as energy, telecoms and banking. However, Giorgetti stressed that the government could impose prescriptions or an outright veto only when a threat of serious harm to the essential interests of the state was evident.

Reuters last month

UNCRY

BAMI.MI
+2.18%
What is next in Italy's banking saga?

The raft of takeover attempts rocking Italy's financial sector will be put to a market test in the coming months, when investors in the target companies will be deciding whether to tender their shares. After receiving a green light from the Bank of Italy on Wednesday, Banco BPM starts the dance this month with its proposed purchase of fund manager Anima Holding. UniCredit is expected to follow suit in April with its own buyout bid for Banco BPM.

Reuters last month

BAMI.MI
+2.18%
UNCRY

G.MI
UniCredit's takeover target Banco BPM secures investor backing to sweeten Anima bid

MILAN (Reuters) -Banco BPM on Friday secured shareholder approval for its decision to pay more to buy fund manager Anima Holding, a key plank of the Italian bank's defence strategy against suitor UniCredit. UniCredit in late November swooped on Banco BPM, which has long been a natural takeover target for the bigger peer given its roots in Italy's wealthy Lombardy region, where UniCredit's market share is considered too small. UniCredit's 10 billion euro all-share bid had put at risk the buyout offer Banco BPM had launched two weeks earlier to take full control of Anima.

Reuters last month

BAMI.MI
+2.18%
UNCRY

ANIM.MI
UniCredit brings forward vote on Banco BPM bid, ups number of shares it can issue

UniCredit said on Thursday its board has moved up to March 27 a shareholder vote previously scheduled for April 10 to approve issuing new shares to finance a takeover bid for Banco BPM. Italian bank UniCredit in November launched a 10 billion euro all-share offer for the smaller rival, whose market value has since reached 13.7 billion euros. UniCredit said it was increasing to 278 million, from a previous 266 million, the maximum number of new shares to be issued to finance the bid, saying the amount covered any misalignment in share prices due to dividend payments.

Reuters 2 months ago

UNCRY

BAMI.MI
+2.18%
BofA downgrades Swedbank, Banco BPM on limited upside

Investing.com -- Bank of America downgraded Swedbank (ST:SWEDa) to 'Underperform' and Banco Bpm (BIT:BAMI) to 'Neutral' given a lack of catalysts for further upside in both stocks.

Investing.com 2 months ago

BAMI.MI
+2.18%
Banco BPM SpA (BNCZF) Full Year 2024 Earnings Call Highlights: Record Net Income and Strategic ...

Banco BPM SpA (BNCZF) reports a record net income of EUR 1.9 billion, with strategic plans for future growth and increased dividend payouts.

GuruFocus.com 2 months ago

BAMI.MI
+2.18%
Banco BPM Raises Targets, Sweetens Bid for Anima

The lender lifted its offer for asset manager Anima as it outlined higher midterm targets and seeks to defend itself from an unsolicited UniCredit takeover approach.

The Wall Street Journal 2 months ago

BNCZF
BPER CEO says Italy's M&A wave prompted defensive bid for Pop Sondrio

MILAN (Reuters) -BPER Banca's CEO on Friday said its 4.3 billion euro ($4.5 billion) all-share takeover bid for smaller peer Banca Popolare di Sondrio was a defensive move prompted by a raft of merger proposals across Italy's banking industry. Mid-sized Italian banks like BPER have long been seen as candidates for consolidation. Previously, BPER had explored a tie-up with Banco BPM but they never reached an accord.

Reuters 2 months ago

UNI.MI

BPSO.MI

BAMI.MI
+2.18%

Performance Overview

Return	BAMI.VI	FTSE MIB Index (FTSEMIB.MI)
YTD	+24.26%	+9.25%
1-Year	+66.74%	+10.04%
3-Year	+284.82%	+56.21%

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Banco BPM S.p.A. (BAMI.VI)

Banco BPM formally rejects UniCredit takeover offer

UniCredit pauses Banco BPM offer over Italian government conditions

Italy says terms for UniCredit-BPM tie-up avoid helping Russia

UniCredit Puts Decision on Banco BPM Bid on Hold After Italy Imposes Conditions

UniCredit says Banco BPM bid can't go ahead with government's conditions

'I find it impossible to catch my bearings': Yahoo Finance community reacts to Trump tariff stock market plunge

ECB approves Crédit Agricole’s stake increase in Banco BPM to 19.9%

Credit Agricole Gets ECB Nod to Raise BPM Stake as UniCredit Readies Bid Launch

UniCredit nears launch of Banco BPM bid as Credit Agricole ups stake

UniCredit secures ECB, Bank of Italy nod for Banco BPM bid

UniCredit gets ECB approval for Banco BPM buy, to weigh options

Banco BPM to Press Ahead With Anima Bid After ECB Leans Against Lighter Rule

Italy signals light touch when reviewing UniCredit's bid for BPM

What is next in Italy's banking saga?

UniCredit's takeover target Banco BPM secures investor backing to sweeten Anima bid

UniCredit brings forward vote on Banco BPM bid, ups number of shares it can issue

BofA downgrades Swedbank, Banco BPM on limited upside

Banco BPM SpA (BNCZF) Full Year 2024 Earnings Call Highlights: Record Net Income and Strategic ...

Banco BPM Raises Targets, Sweetens Bid for Anima

BPER CEO says Italy's M&A wave prompted defensive bid for Pop Sondrio

Performance Overview