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    Home > Finance > UniCredit brings forward vote on Banco BPM bid, ups number of shares it can issue
    Finance

    UniCredit brings forward vote on Banco BPM bid, ups number of shares it can issue

    Published by Global Banking & Finance Review®

    Posted on February 20, 2025

    1 min read

    Last updated: January 26, 2026

    This image illustrates UniCredit's recent decision to expedite the shareholder vote on its bid for Banco BPM, focusing on the increase in new shares issued to finance the acquisition. The strategic move reflects UniCredit's commitment to expanding its market presence in the finance sector.
    UniCredit's shareholder vote on Banco BPM bid and share issuance - Global Banking & Finance Review
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    Tags:equityinvestmentfinancial markets

    Quick Summary

    UniCredit reschedules its shareholder vote to March 27 and increases share issuance to 278 million for the Banco BPM takeover bid, valued at 13.29 billion euros.

    UniCredit Moves Up Vote on Banco BPM Takeover, Increases Shares

    MILAN (Reuters) - UniCredit said on Thursday its board has moved up to March 27 a shareholder vote previously scheduled for April 10 to approve issuing new shares to finance a takeover bid for Banco BPM.

    Italian bank UniCredit in November launched a 10 billion euro all-share offer for the smaller rival, whose market value has since reached 13.7 billion euros.

    UniCredit said it was increasing to 278 million, from a previous 266 million, the maximum number of new shares to be issued to finance the bid, saying the amount covered any misalignment in share prices due to dividend payments. Based on Thursday's closing price, UniCredit's bid is worth up to 13.29 billion euros.

    (Reporting by Valentina Za; Editing by Leslie Adler)

    Key Takeaways

    • •UniCredit reschedules shareholder vote to March 27.
    • •The takeover bid for Banco BPM is valued at 13.29 billion euros.
    • •UniCredit increases share issuance to 278 million.
    • •Banco BPM's market value has risen to 13.7 billion euros.
    • •The bid addresses share price misalignment from dividends.

    Frequently Asked Questions about UniCredit brings forward vote on Banco BPM bid, ups number of shares it can issue

    1What is the main topic?

    The main topic is UniCredit's rescheduled shareholder vote and increased share issuance for its takeover bid of Banco BPM.

    2Why did UniCredit increase the number of shares?

    UniCredit increased the number of shares to 278 million to cover any misalignment in share prices due to dividend payments.

    3What is the value of UniCredit's bid for Banco BPM?

    Based on Thursday's closing price, UniCredit's bid for Banco BPM is valued at up to 13.29 billion euros.

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