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Finance

UniCredit says ECB cleared issuing new shares to finance Banco BPM's takeover bid

Published by Global Banking & Finance Review

Posted on March 13, 2025

1 min read

· Last updated: January 24, 2026

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UniCredit says ECB cleared issuing new shares to finance Banco BPM's takeover bid

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UniCredit Cleared by ECB to Issue Shares for Banco BPM Bid

MILAN (Reuters) - Italy's second-largest bank UniCredit on Thursday said it had received European Central Bank authorisation to issue new shares, subject to shareholder approval, to finance its takeover bid for smaller rival Banco BPM.

Shareholders in UniCredit meet on March 27 to approve the new share issue needed to finance the buyout offer for Banco BPM.

(Reporting by Valentina Za)

Key Takeaways

UniCredit plans to issue new shares for Banco BPM takeover.
ECB has authorized the share issuance, pending shareholder approval.
Shareholder meeting set for March 27 to approve the plan.
UniCredit is Italy's second-largest bank.
Banco BPM is a smaller rival targeted for acquisition.

Frequently Asked Questions

What is the main topic?

The main topic is UniCredit's plan to issue new shares to finance its takeover bid for Banco BPM, with ECB approval.

What is the significance of the ECB's approval?

The ECB's approval is crucial as it allows UniCredit to proceed with the share issuance, subject to shareholder approval.

When is the shareholder meeting scheduled?

The shareholder meeting is scheduled for March 27 to approve the new share issue.

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