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UniCredit CEO says chances of pursuing Banco BPM deal no more than 20%

Published by Global Banking & Finance Review

Posted on June 11, 2025

1 min read

· Last updated: January 23, 2026

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UniCredit CEO says chances of pursuing Banco BPM deal no more than 20%
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MILAN (Reuters) -The chances that UniCredit can see through its takeover bid for smaller peer Banco BPM are at best 20%, CEO Andrea Orcel said on Wednesday. Speaking at a financial conference

UniCredit CEO Estimates 20% Likelihood of Banco BPM Acquisition

MILAN (Reuters) -The chances that UniCredit can see through its takeover bid for smaller peer Banco BPM are at best 20%, CEO Andrea Orcel said on Wednesday.

Speaking at a financial conference organised by Goldman Sachs in Berlin, Orcel told investors the conditions Italy set to authorise takeover using 'golden powers' it has to protect national security interests create too much uncertainty and expose the bank to huge fines if UniCredit does not comply.

(Reporting by Valentina Za, editing by Alvise Armellini)

Key Takeaways

  • UniCredit CEO Andrea Orcel estimates a 20% chance of acquiring Banco BPM.
  • Italy's 'golden powers' create uncertainty for the acquisition.
  • The deal is subject to national security interest conditions.
  • Potential fines pose a risk if compliance is not met.
  • The announcement was made at a Goldman Sachs conference in Berlin.

Frequently Asked Questions

What did UniCredit's CEO say about the Banco BPM deal?
CEO Andrea Orcel stated that the chances of successfully pursuing the takeover bid for Banco BPM are at best 20%.
Where did Andrea Orcel discuss the Banco BPM acquisition?
Orcel spoke about the acquisition at a financial conference organized by Goldman Sachs in Berlin.
What conditions are affecting the Banco BPM acquisition?
The conditions set by Italy to authorize the takeover involve the use of 'golden powers' to protect national security.

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