Edition:
India

Andrea Mandala

CORRECTED-UPDATE 4-Banco BPM, Credit Agricole swap notes on possible tie-up -source

16 Oct 2020

* Banco BPM under pressure to seek merger after Intesa-UBI deal

UPDATE 2-Credit Agricole wants Banco BPM tie-up to scale up Italian business - sources

01 Oct 2020

* Credit Agricole waiting to see outcome of MPS sale - source

Credit Agricole wants Banco BPM tie-up to scale up Italian business - sources

01 Oct 2020

LONDON/MILAN Credit Agricole is exploring a possible deal to buy Italy's third biggest bank, Banco BPM as a way to scale up its presence in the euro zone's third biggest economy and take advantage of a consolidating landscape, sources said.

Credit Agricole wants Banco BPM tie-up to scale up Italian business - sources

01 Oct 2020

LONDON/MILAN, Oct 1 Credit Agricole is exploring a possible deal to buy Italy's third biggest bank, Banco BPM, as a way to scale up its presence in the euro zone's third biggest economy and take advantage of a consolidating landscape, sources said.

UPDATE 2-Banco BPM says on merger alert after Intesa UBI tie-up

07 Aug 2020

MILAN, Aug 6 Banco BPM, Italy's third-largest bank, is on alert for expected further consolidation in the banking sector following Intesa Sanpaolo's takeover of smaller rival UBI, the bank's chief executive said on Thursday.

Italy's UBI rejects Intesa's improved takeover offer

24 Jul 2020

MILAN UBI Banca on Thursday rejected a sweetened takeover bid by rival Intesa Sanpaolo , saying it still failed to reflect the real value of Italy's fifth-largest bank and adequately reward its shareholders.

UPDATE 1-Italy's UBI rejects Intesa's improved takeover offer

24 Jul 2020

* Acceptance stands at 26.4%, offer ends July 28 (Adds details of offer, company background, comments by consumer association)

Intesa ups bid for UBI by 18% with cash sweetener

18 Jul 2020

MILAN Italy's Intesa Sanpaolo on Friday raised its bid for rival UBI Banca by 18%, adding a cash sweetener to secure investor backing for its plan to create the euro zone's seventh-largest banking group.

Intesa gains Italy's antitrust approval for UBI deal

17 Jul 2020

MILAN Italy's Intesa Sanpaolo on Thursday secured antitrust approval for its $4 billion takeover bid for rival UBI Banca , overcoming a major hurdle to one of Europe's biggest banking mergers in a decade.

UBI spurns Intesa's offer and pledges to boost dividends

04 Jul 2020

MILAN UBI Banca on Friday rejected a takeover bid by rival Intesa Sanpaolo as inadequate and risky for its shareholders, while pledging to boost dividends despite cutting profit forecasts.

World News