Finance
Banco BPM CEO sees room to explore M&A options if UniCredit drops its bid
Published by Global Banking & Finance Review®
Posted on May 7, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 7, 2025
1 min readLast updated: January 24, 2026
Banco BPM may explore M&A options if UniCredit's bid fails, as CEO Castagna remains satisfied with the standalone path amid bid uncertainties.
MILANO (Reuters) -Banco BPM sees room to explore other potential M&A opportunities if Unicredit drops its takeover bid, Chief Executive Giuseppe Castagna said, adding however that the standalone path "is very satisfactory".
UniCredit's all-share offer is in doubt after the government set conditions to clear it which UniCredit says are harmful.
The offer is currently at a discount to market values and therefore unlikely to succeed without a sweetener, which the government's conditions make more unlikely.
"We will see what will happen with the offer," Castagna told analysts when asked if his bank would be open to assessing other M&A scenarios were UniCredit to walk away.
"We consider ourselves an important part of the potential consolidation in Italy," he added.
"For sure there will be room to explore other potential opportunities, even if we are very much concentrated on our standalone pattern right now".
(Reporting by Andrea Mandalà; Editing by Valentina Za)
The article discusses Banco BPM's potential M&A opportunities if UniCredit's takeover bid fails.
UniCredit's bid is in doubt due to government conditions that UniCredit finds harmful.
Banco BPM is currently focused on its standalone growth path.
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