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Home > Finance > UniCredit says ECB cleared issuing new shares to finance Banco BPM's takeover bid

Finance

UniCredit says ECB cleared issuing new shares to finance Banco BPM's takeover bid

Published by Global Banking and Finance Review

Posted on March 13, 2025

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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)

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