Tag #Italian Banking

Showing 1 to 12 of 14 results

euronews.com
🌐 75% Global Worthiness
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Mediobanca's Banca Generali Acquisition Bid Fails, Raising Takeover Concerns

Mediobanca's €7 billion bid to acquire Banca Generali failed to secure enough shareholder support on Thursday, receiving only 35% approval, leaving the bank vulnerable to a potential takeover by its rival, Monte dei Paschi di Siena.

Progress

40% Bias Score

Decent Work and Economic Growth
corriere.it
🌐 85% Global Worthiness
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Opposing Views on Unicredit's Nationality Create Tension in Italian Banking

The German and Italian governments hold opposing views on Unicredit's nationality, impacting its potential acquisition of Banco BPM and creating tension between national interests and EU regulations; Unicredit's offer is currently unattractive to Banco BPM shareholders.

Progress

52% Bias Score

Decent Work and Economic Growth
repubblica.it
🌐 75% Global Worthiness
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Italian Banks Challenge Government Restrictions on Unicredit-Banco BPM Merger

Banco BPM and Unicredit are challenging the Italian government's restrictions and Consob's freeze on Unicredit's takeover bid, with a court hearing scheduled for June 10th, potentially delaying the deal's July 23rd deadline.

Progress

40% Bias Score

Reduced Inequality
faz.net
🌐 85% Global Worthiness
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Commerzbank Shareholders Reject Unicredit Takeover Bid

At Commerzbank's annual general meeting, CEO Bettina Orlopp addressed shareholder concerns regarding a potential Unicredit takeover, emphasizing the bank's positive outlook and new strategy, while employees protested fearing job losses; a social plan has been agreed to mitigate these.

Progress

44% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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UniCredit Q4 Profit Beats Estimates, but 2025 Revenue Slowdown Projected

UniCredit reported a €1.97 billion fourth-quarter net profit, exceeding expectations, but forecasts a revenue decline to above €23 billion in 2025 due to reduced Russian operations and net interest income, while pursuing acquisitions in Germany and Italy amid regulatory challenges.

Progress

36% Bias Score

Decent Work and Economic Growth
euronews.com
🌐 85% Global Worthiness
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Mediobanca Rejects €7 Billion Takeover Bid from MPS

Mediobanca rejected Banca Monte dei Paschi di Siena's €7 billion takeover bid on Tuesday, citing concerns about shareholder value destruction and incompatibility of business models; MPS shares dropped nearly 10% following the announcement.

Progress

48% Bias Score

Decent Work and Economic Growth
repubblica.it
🌐 85% Global Worthiness
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Generali Approves Mediobanca Bid Amidst Competing Offer and Legal Challenge

Mediobanca's bid to acquire Banca Generali advances, with Generali's board conditionally approving the deal contingent on shareholder votes on August 21st; however, a competing bid from MPS and a legal challenge complicate the process.

Progress

44% Bias Score

Reduced Inequality
repubblica.it
🌐 85% Global Worthiness
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Italy Confirms Conditions on Unicredit's Banco BPM Acquisition

Following a government review, Italy's Ministry of Economy and Finance (MEF) sent a letter to Unicredit confirming the legitimacy of five conditions imposed on its planned acquisition of Banco BPM, focusing on maintaining investments in Italian assets and supporting domestic lending.

Progress

40% Bias Score

Decent Work and Economic Growth
repubblica.it
🌐 75% Global Worthiness
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Banco BPM to challenge Consob's suspension of Unicredit bid

Banco BPM strongly condemned Consob's 30-day suspension of Unicredit's takeover bid, citing the suspension as "abnormal" and plans to legally challenge the decision, which stems from Unicredit's legal action against Italy's Golden Power decree.

Progress

48% Bias Score

Reduced Inequality
lemonde.fr
🌐 85% Global Worthiness
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Failed Generali Takeover Attempt Exposes Italian Financial Intrigue

Francesco Gaetano Caltagirone and Delfin's attempted takeover of Italian insurer Generali failed on April 24th, receiving 36.8% of the vote, highlighting the complex interplay between business and politics in Italy's financial sector.

Progress

52% Bias Score

Decent Work and Economic Growth
repubblica.it
🌐 75% Global Worthiness
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Italian Bank Mergers Face €3 Billion Shortfall Due to Rising Share Prices

Italian banks face a shortfall of approximately €3 billion in their current merger and acquisition bids due to rising target share prices; this includes Banco BPM's offer for Anima, Unicredit's bid for Banco BPM, MPS's offer for Mediobanca, Banca Ifis's bid for Illimity and Bper's offer for Popolare...

Progress

32% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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Mediobanca Rejects €13 Billion Takeover Bid from Monte dei Paschi

Mediobanca shareholders rejected Monte dei Paschi's €13 billion takeover bid on Tuesday due to its lack of industrial rationale and potential harm to Mediobanca's business. Monte dei Paschi shares fell 1.32%, and Mediobanca's dropped 2.7%.

Progress

40% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 14 results