UniCredit S.p.A.

UCG

IT0005239360

Banks

Market Closed - Borsa Italiana Other stock markets 16:44:59 14/01/2025 GMT			5-day change	1st Jan Change
40.93 ^EUR	+1.53%		+3.52%	+6.24%

01-14	Europeans up except London; wait for IPC UK	AN
01-14	Global markets live: Google, Apple, Eli Lilly, Nvidia, BP plc...

For Deutsche Bank UniCredit could raise bid for BPM

December 04, 2024 at 05:44 am

(Alliance News) - As Milano Finanza writes Wednesday, UniCredit could increase its takeover offer for Banco BPM by EUR3 billion, according to Deutsche Bank, which revised its target price for the shares from EUR7.2 to EUR8.6.

The valuation is based on Banco BPM's growth prospects, including possible developments with Anima and MPS. This increase is in addition to Andrea Orcel's initial proposal, the financial daily continued.

Deutsche Bank expects UniCredit to increase its offer, considering that in other Italian acquisitions the premiums have been more than 40 percent.

An increase would also be consistent with UniCredit's goal of achieving a Roic above 15 percent.

If the bank did not increase its offer, Deutsche Bank believes that downside risk for Banco BPM would be limited, thanks to a valuation in line with the industry average.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
UNICREDIT S.P.A.	40.93EUR	+1.53%	+3.52%	63.33B
DEUTSCHE BANK AG	17.60EUR	+3.35%	+3.37%	33.76B
BANCO BPM S.P.A.	8.122EUR	+1.63%	+3.20%	12.24B

Latest news about UniCredit S.p.A.

Europeans up except London; wait for IPC UK	01-14	AN
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UniCredit, at GR Value Assets EUR50 million for new wind power plant	01-14	AN
Mib continues bullish; A2A to rebound	01-14	AN
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Stock markets breathe; Pirelli takes top spot	01-14	AN
UniCredit CEO sees Credit Agricole's decision on Amundi deal by May, paper says	01-14	RE
UniCredit jumps into club deals with Quantico	01-14	AN
BPM also attempts a raise on Anima to curb UniCredit	01-14	AN
Commerzbank criticizes UniCredit but does not rule out transaction	01-14	AN
Italy to Use 'Golden Power' for Strategic Review of Unicredit's Takeover Bid for Banco BPM	01-13	MT
Commerzbank chairman sees little chance of amicable UniCredit merger, report says	01-13	RE
Futures down; Mib restarts from 34,000 mark	01-13	AN
European banks' record takings fuel M&A talk as pressures on industry persist	01-13	RE
How banking risk changes after takeover bid on illimity	01-13	AN
Chairman of Commerzbank's supervisory board criticizes Unicredit approach	01-12	DP
Italy to Use 'Golden Power' for Strategic Review of Unicredit's Takeover Bid for Banco BPM	01-12	MT
Italy's illimity says Ifis bid was not solicited, to press on with plans	01-10	RE
Inflows at Italian asset managers up 64% y/y in 2024 to 40 billion euros	01-10	RE
European indexes in the red; up Leonardo, down Iveco	01-10	AN

Chart UniCredit S.p.A.

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UCG: Dynamic Chart

Company Profile

UniCredit S.p.A. is one of the leading European banking groups. Income breaks down by activity as follows: - corporate, investment, finance and market banking (51%): leasing, factoring, stock transactions, participation in the rate, exchange, stock and derivative markets, stock exchange intermediation, etc.; - retail banking (49%). At the end of 2023, the group managed EUR 474.4 billion in deposits and EUR 409.5 billion in loans. Products and services are marketed through a network of 3,082 branches located primarily in Italy (1,950). Income (including intragroup) is distributed geographically as follows: Italy (44.7%), Germany (22.3%), Central Europe (17.5%), Eastern Europe (10.7%) and Russia (4.8%).

Employees

70,752

Sector

Banks

Calendar

11/02/2025 - Q4 2024 Earnings Release

More about the company