UniCredit has offered 10.1bn euros for its local rival Banco BPM

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UniCredit bids €10.1bn to buy rival Banco BPM amid Commerzbank talks

Investment Banking Editor

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UniCredit has made an offer to acquire domestic rival Banco BPM in a €10.1bn all-stock deal that would create a major Italian bank with broader European reach. 

The Italian lender unveiled the offer in a 25 November statement, which comes as UniCredit has been linked with a takeover of Commerzbank after it built a stake in the German bank. 

The Italian lender wants to grow in scale and has offered to buy a local rival

Paul Clarke

Banking

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