by Amruth Sundarkumar | Mar 4, 2022 | Banks
Italian lender UniCredit is said to have halted its efforts to acquire Banco BPM after the former’s stock has fallen over 20% since Russia invaded Ukraine. According to Reuters sources, “A strong share price was critical to pulling off the deal to combine...
by Megha Malhotra | Feb 10, 2022 | Banks
UniCredit is set to sell €2bn ($2.3bn) in impaired loans to the US investment fund Davidson Kempner owned bad loan specialist Prelios, according to three sources. UniCredit halted a process to hire a debt recovery firm for the portfolio. As per Reuters’...
by Amruth Sundarkumar | Jan 25, 2022 | Banks
Italian lender UniCredit Spa is said to have received bids for parts of its leasing unit as per people familiar with the matter. The sources added that UniCredit is evaluating five non-binding offers including bids from PE firms Bain and Christofferson Robb & Co...
by Amruth Sundarkumar | Jan 19, 2022 | Banks
UniCredit said that it would stop basic banking services to APAC units of its European clients in an effort to streamline its international presence and operations besides cutting costs. It would close down its Tokyo, Shanghai and Singapore branches and only maintain...
by Amruth Sundarkumar | Jan 12, 2022 | Banks
Italian lender UniCredit SpA is said to be mulling a takeover of Russian lender Otkritie Bank FC as the former’s CEO Andrea Orcel explores M&A opportunities after negotiations with the Italian government for the takeover of Banca Monte dei Paschi di Siena...
