Finance
UniCredit dismisses rumours of interest in MPS stake
Published by Global Banking and Finance Review
Posted on January 15, 2026
UniCredit dismisses rumours of interest in MPS stake
UniCredit's Position on MPS Stake
MILAN, Jan 15 (Reuters) - UniCredit on Thursday dismissed as "speculative in nature and unjustified" rumours of it being interested in buying a stake in Banca Monte dei Paschi di Siena.
Speculation and M&A Strategy
UniCredit said that it constantly assesses M&A options and that analysis of potential acquisition targets and discussions with relevant parties were no indication that a deal would follow.
Current Market Context
Three people close to the matter told Reuters on Monday that UniCredit CEO Andrea Orcel had expressed interest in the Monte dei Paschi (MPS) stake held by Delfin in meetings with the head of the Italian holding company, Francesco Milleri.
The sources said UniCredit was also potentially interested in Delfin's stake in insurer Generali.
UniCredit said in a statement that it was the job of its internal M&A team to study all possible growth options, including external ones.
"This at any one time will involve discussions with, and assessment and analysis of, the target in question, none of which is indicative of the likelihood of a transaction taking place," it said.
In expressing its disappointment about "recent rumours and constant noise" about its alleged interest in the MPS and other stakes, Italy's second-largest bank said that, at present, these were "pure invention" and served no purpose other than distorting and confusing the market.
Under veteran M&A banker Orcel, UniCredit has worked to deploy part of its large reserves of capital to buy stakes in Germany's Commerzbank and Greece's Alpha Bank, but it has failed so far to clinch a merger.
(Reporting by Valentina ZaEditing by Gianluca Semeraro and David Goodman)
Frequently Asked Questions about UniCredit dismisses rumours of interest in MPS stake
1What is M&A?
M&A stands for mergers and acquisitions, a general term that refers to the consolidation of companies or assets through various types of financial transactions.
2What is a financial institution?
A financial institution is an establishment that provides financial services, such as banks, credit unions, insurance companies, and investment firms.
3What is corporate strategy?
Corporate strategy refers to the overarching plan that guides a company's direction, including its goals, resource allocation, and competitive positioning in the market.
4What is an investment?
An investment is an asset or item acquired with the goal of generating income or appreciation. Investments can include stocks, bonds, real estate, and more.
