Vienna - Delayed Quote • EUR UniCredit S.p.A. (UCG.VI) Follow Compare 40.72 +0.94 +(2.35%) As of 11:00:37 AM GMT+1. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Commerzbank chairman sees little chance of amicable UniCredit merger, report says Commerzbank's supervisory board chairman Jens Weidmann said there is little chance for an amicable merger with UniCredit after the Italian bank's surprise purchase of a hefty stake in the German lender, Handelsblatt newspaper reported. "It's like any relationship: if the start is unsuccessful, it will be difficult," Weidmann told Handelsblatt in an interview published on Monday. He also expressed doubt that a hostile takeover in the banking sector can create sustainable value. European banks' record takings fuel M&A talk as pressures on industry persist For years, pressure on European banks and asset managers to bulk up to better compete with U.S. rivals has been mounting. European banks have enjoyed a run of record profits and soaring shares in the past two years but they, like the region's asset managers, remain far smaller than U.S. peers after American institutions pulled further ahead. Competition will intensify in 2025 as U.S. President-elect Donald Trump takes office, when he is expected to slash red tape for U.S. lenders. Analysis-European banks' record takings fuel M&A talk as pressures on industry persist For years, pressure on European banks and asset managers to bulk up to better compete with U.S. rivals has been mounting. European banks have enjoyed a run of record profits and soaring shares in the past two years but they, like the region's asset managers, remain far smaller than U.S. peers after American institutions pulled further ahead. Competition will intensify in 2025 as U.S. President-elect Donald Trump takes office, when he is expected to slash red tape for U.S. lenders. Italy Readying Review of UniCredit’s BPM Bid Under Golden Power (Bloomberg) -- Italy is preparing to start a formal review of UniCredit SpA’s unsolicited offer for Banco BPM SpA, people familiar with the matter said, a process under the government’s “Golden Power” rules that may impose conditions should a deal be approved.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco R BPM Plans Risk Transfers Tied to €4.5 Billion in Loans While Trying to Fend Off UniCredit Bid (Bloomberg) -- Banco BPM SpA is seeking investors for two significant risk transfers, potentially boosting its capital strength at a time when it’s also trying to stave off a takeover pursued by rival UniCredit SpA.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?NYC Condo Owners May Bear Costs of Landmark Green Building LawCan States Hit the Brakes on UniCredit Tapped Citigroup for Commerzbank Hedges Last Month (Bloomberg) -- UniCredit SpA worked with Citigroup Inc. to hedge part of last month’s stake increase in Commerzbank AG, people with knowledge of the matter said. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing to Take Effect After Years of DelaysNYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueNYC Congestion Pricing Takes Effect After Years of DelaysBurned-Out Parents Need Better Public SpacesCitigroup holds 5.1% voting rights in Com Top Dividend Stocks To Consider In January 2025 As we move into January 2025, global markets are navigating a complex landscape marked by fluctuating consumer confidence and mixed economic signals. Despite these challenges, U.S. stock indices have shown moderate gains, with large-cap growth stocks leading the charge amid a backdrop of rising treasury yields and evolving geopolitical dynamics. In such an environment, dividend stocks can offer investors stability and income potential, making them an attractive option for those seeking to... French Moves on Italy’s Finance Industry Stoke Concerns in Rome (Bloomberg) -- The Italian government is growing concerned about the prospect of an increased French presence in its finance industry, with two major deals in the works that could potentially reshape the market. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Mi Germany opposes UniCredit’s move to raise Commerzbank stake UniCredit is seeking regulatory approval to further increase its stake in Commerzbank to up to 29.9%. German Government Tells UniCredit to Exit Commerzbank Stake (Bloomberg) -- Germany effectively called on UniCredit SpA to sell its stake in Commerzbank AG, just hours after the Italian bank said it had increased it, further escalating tensions between the two main shareholders in the German lender.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More Dangerous“UniCredit itself emphasizes that the participation in Commerzbank has so far been a pure investment, which could also be dissolved at any time,” deputy government spokesman UniCredit pivots back to Commerzbank, increases stake to 28% The move drew stiff rebukes from the German government, which “assumed” any deal was all but dead a month ago. UniCredit said the stake bump does not affect its offer to buy Banco BPM. UniCredit Lifts Commerzbank Stake as Orcel Keeps Up Pursuit (Bloomberg) -- UniCredit SpA increased its holding in Commerzbank AG to about 28% as Chief Executive Officer Andrea Orcel continues to pursue the lender ahead of German federal elections that may influence his chances of success.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousUniCredit has entered into derivatives relating to Commerzbank shares, the Milan-based lender said in a statement on Wednesday. The stake now consists of 9.5% direct ownership and abou Dollar Trades Steady Ahead of Fed Decision The dollar was trading steady as investors looked ahead to the Federal Reserve's interest-rate decision, due later Wednesday. Fed Chair Jerome Powell is likely to signal that the central bank will pause rate cuts at some point, UniCredit Research analysts said in a note. The key factor for the foreign exchange market will likely be how Powell "conveys the idea that an upcoming pause would not represent the end of the current easing cycle," they said. Germany rejects UniCredit's latest Commerzbank stake hike in strongest rebuke yet MILAN/BERLIN (Reuters) -Germany rejected UniCredit's latest Commerzbank stake increase as an "uncoordinated and unfriendly approach" on Wednesday, strongly rebuking the Italian bank. UniCredit, which angered Berlin when it emerged as Commerzbank's biggest private investor in September, said it had raised its stake in Commerzbank to 28% using derivatives. "Today's news is remarkable because UniCredit had previously publicly emphasised that it did not want to take any further action before the federal elections," a German government spokesperson said in response to the development. Italy's BPM asks market watchdog to protect stakeholders after UniCredit bid MILAN (Reuters) -Italy's Banco BPM said it has asked market watchdog Consob to adopt measures to protect the bank's stakeholders and its bid for Anima, after rival UniCredit launched its own bid for BPM. Banco BPM had complained before that UniCredit's 10 billion euro all-share bid jeopardised its buyout proposal for fund manager Anima. UniCredit CEO says $10.5 billion Banco BPM bid is fair as offer becomes binding MILAN (Reuters) -UniCredit on Friday filed its buyout offer for rival Banco BPM with Italy's market regulator, and CEO Andrea Orcel said the price was adequate. The filing makes the 10-billion-euro ($10.5 billion) all-share offer, which UniCredit announced on Nov. 25, binding and sets a price floor. UniCredit also applied to relevant authorities for regulatory approval. UniCredit Leasing Serbia explores €40m EBRD green financing loan Funding to boost SME competitiveness and drive green investments. UniCredit's Orcel was plotting bid before Banco BPM forced hand, sources say MILAN (Reuters) -UniCredit CEO Andrea Orcel has been drawing up plans to take over Banco BPM for years and was almost ready to pull the trigger, two sources close to the matter said. But instead of being able to choose the right moment, UniCredit had to rush out a 10 billion euro bid when Italy's third-largest lender made its own M&A moves, putting Orcel's dealmaking reputation on the line. UniCredit, which was already facing headwinds in its pursuit of Germany's Commerzbank, declined to comment. Could a French bank foil UniCredit’s play for Banco BPM? Crédit Agricole boosted its stake in BPM — borrowing a strategy UniCredit used on Commerzbank. The French bank insists it doesn’t aim to buy BPM. The Italian government seems OK with that. UniCredit says ready to sit down with Credit Agricole over Banco BPM MILAN (Reuters) -UniCredit is ready to sit down with Credit Agricole, a spokesperson for the Italian bank said in a LinkedIn post after the French lender increased its potential stake in Unicredit's takeover target Banco BPM. UniCredit's bid for its smaller peer prompted Credit Agricole to say on Friday it had entered derivatives that would raise its stake in BPM to 15% from 9.9% once the European Central Bank gives its green light. "Yesterday's news about Credit Agricole's increased stake in BPM changes nothing for UniCredit," the spokesperson for UniCredit said on social media network LinkedIn. Performance Overview Trailing total returns as of 1/14/2025, which may include dividends or other distributions. Benchmark is FTSE MIB Index Return UCG.VI FTSE MIB Index YTD +5.77% +2.92% 1-Year +71.32% +15.47% 3-Year +260.73% +26.36%