UniCredit says ECB cleared issuing new shares to finance Banco BPM's takeover bid
Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
UniCredit receives ECB approval to issue shares for Banco BPM takeover, pending shareholder approval on March 27.
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)
The main topic is UniCredit's plan to issue new shares to finance its takeover bid for Banco BPM, with ECB approval.
The ECB's approval is crucial as it allows UniCredit to proceed with the share issuance, subject to shareholder approval.
The shareholder meeting is scheduled for March 27 to approve the new share issue.
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