Unicredit presented a voluntary fraud offer by Banco Bpm for a total amount of around 10.1 billion euros, especially in business. I announced the Milanese bank in a note of scorse ore.

Orcel: “Europe has become stronger”

“With the acquisition of one of our historical targets, we strengthen our position in Italy, and at present we further increase the value that we can create for our stakeholders in which market we come from our experts. ‘Europe has more room for stronger and more grandiose banks than the aiutino has “Improve your own economy and control the other major economic blocs. Thanks to the work accomplished over the past year, Unicredit is now in a position to also respond to this SFIDA,” said Andrea Orcel, Unicredit.

Strengthen competitiveness in Italy

The scam ratio for the operation between Unicredit and Banco Bpm is defined as 0.175 new Unicredit businesses for each Bpm company, with an implicit value of 6.657 euros per Bpm company. This corresponds to a premium of the non-flu price of 0.5% of November 22, 2024, and approximately 15% of the non-flu price of November 6, 2024, increased by approximately 20% in consideration of dividends and distributed in November of entry . the bench before the acquisition offer from Anima.

The objective of the offer – continue the note – is to strengthen the competitiveness of Unicredit in Italy, one of your key markets, through the creation of a stronger bank in an attractive market competition, “capable to generate long-term value for all stakeholders and for the country. The compatibility of the companies, geographically by customer segment, and the efficiency of Unicredit in acquisitions, make this operation a manageable risk, according to the board of directors.

Chiusura enters July 2025

If you expect the scam operation to end in July 2025, with full integration expected within the next 12 months and most of the sinergy completed before 24 months. This transaction will enable Unicredit to accelerate “sustainable and quality growth, significantly strengthening its presence in Italy and further investing in Bpm’s customer base, distribution channels and technology.”

“The merger between Unicredit and Banco Bpm is advantageous, especially from a geographical point of view, where it has consolidated UniCredit’s presence in its main national market, which represents approximately 50% of the group’s combined net utilization. For customers “, the merger will offer stronger and complementary products, more efficiently integrated distribution channels and a more efficient organization”, continues the Milanese group.

Da Gae Aulenti recognizes the excellent operational performance of Bpm, which will not only be preserved, but also “significantly potential in the combined group, thanks to greater efficiency, increased investments, more conservative risk management and a capital position profitable, to the benefit of all stakeholders: customers, communities, dependencies and benefits.

New opportunities for your dependencies

Dependent organizations have new opportunities for professional growth within an even more competitive European group, “with greater security and productive stability”. The Italian economy has benefited from this strengthening, “since integration extends to the country’s growth, supporting national industry and its expansion to the east.”

Stronger European banking system

Secondly, Unicredit, but the European Italian banking system, will be more solid and competitive thanks to the union of the major Italian banks, also contributing to European banking consolidation, particularly important in an uncertain geopolitical contest. The merger will help the group “strengthen its commitment to environmental, social and governance investments, promoting sustainable growth and helping clients manage the green transition”.

Even if the local community does not benefit from a commercial advantage, it can obtain greater financial risks to better support its territory with the new group that will be present. In the event of a merger, Unicredit undertakes to “guarantee a sustainable and world-class distribution of Azionists, while maintaining a solid capital ratio”. Unicredit, in the end, “also obtained an increase in utility for the company due to the years of merger, with an energy of costs and income, and a return on investment greater than 15%, this which gives a more advantageous result on the alternative of restitution of the capital to the Azionists tramite riacquisto di azioni”.