BPM

By Valentina Za and Giuseppe Fonte MILAN (Reuters) -UniCredit CEO Andrea Orcel has been drawing up plans to take over Banco BPM for years and was almost ready to pull the trigger, two sources close to the matter said. But instead of being able to choose the right moment, UniCredit…

By Giuseppe Fonte and Valentina Za ROME (Reuters) – France’s Credit Agricole (OTC:) had informal backing from the Italian government before it said on Friday it was raising its stake in Banco BPM, two sources close to the matter told Reuters. The increase intensifies a banking battle in Italy, begun…

By Andrea Mandala and Valentina Za MILAN (Reuters) – Italy’s third-largest bank Banco BPM has been on UniCredit CEO and veteran dealmaker Andrea Orcel’s wish list since he took up his current role in 2021. After aborting previous bids, Orcel on Monday launched an unsolicited 10 billion euro ($11 billion)…