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UniCredit CEO says M&A is a possibility, not a must
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ROME (Reuters) – UniCredit is willing to consider M&A opportunities if financial conditions are right, but they are not a must, Chief Executive Andrea Orcel said in an interview published on Friday.
ROME (Reuters) – UniCredit is willing to consider M&A opportunities if financial conditions are right, but they are not a must, Chief Executive Andrea Orcel said in an interview published on Friday.
“M&A is a possibility, not an compulsory choice,” Orcel told Italian regional newspaper La Sicilia.
Italy’s second-largest bank has been linked to a number of deals, both in Italy and Europe. It has explored bids for smaller Italian lender Banco BPM as well as Germany’s Commerzbank, sources previously told Reuters.
“If there are shareholders willing to sell at favourable economic conditions, we will evaluate the opportunities. Conversely, if we do not find targets in line with our strategic objectives, we will continue to buy back our shares,” he said.
Orcel broke off negotiations with Italy’s Treasury to take over Banca Monte dei Paschi di Siena (MPS) in 2021.
($1 = 0.9245 euros)
(Reporting by Alvise Armellini, editing by Alexander Smith)
M&A stands for mergers and acquisitions, which refers to the process where companies consolidate through various types of financial transactions, including mergers, acquisitions, consolidations, and asset purchases.
Corporate strategy is the overall plan for a company to achieve its goals and objectives, focusing on how to allocate resources effectively to maximize profitability and growth.
Investment opportunities refer to potential avenues where individuals or companies can invest their capital to generate returns, including stocks, bonds, real estate, and other financial instruments.
A share buyback is when a company purchases its own shares from the marketplace, reducing the number of outstanding shares and often increasing the value of remaining shares.
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