Posted By Global Banking and Finance Review
Posted on March 13, 2025
MILAN (Reuters) - Italy's second-largest bank UniCredit on Thursday said it had received European Central Bank authorisation to issue new shares, subject to shareholder approval, to finance its takeover bid for smaller rival Banco BPM.
Shareholders in UniCredit meet on March 27 to approve the new share issue needed to finance the buyout offer for Banco BPM.
(Reporting by Valentina Za)