UniCredit CEO says chances of pursuing Banco BPM deal no more than 20%
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
UniCredit CEO Andrea Orcel estimates only a 20% chance of acquiring Banco BPM due to Italy's stringent conditions and potential fines.
MILAN (Reuters) -The chances that UniCredit can see through its takeover bid for smaller peer Banco BPM are at best 20%, CEO Andrea Orcel said on Wednesday.
Speaking at a financial conference organised by Goldman Sachs in Berlin, Orcel told investors the conditions Italy set to authorise takeover using 'golden powers' it has to protect national security interests create too much uncertainty and expose the bank to huge fines if UniCredit does not comply.
(Reporting by Valentina Za, editing by Alvise Armellini)
CEO Andrea Orcel stated that the chances of successfully pursuing the takeover bid for Banco BPM are at best 20%.
Orcel spoke about the acquisition at a financial conference organized by Goldman Sachs in Berlin.
The conditions set by Italy to authorize the takeover involve the use of 'golden powers' to protect national security.
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