The transaction consists of two bonds of €800 million and €1 billion, respectively. The bank will use the funds to provide new loans to Italian businesses, with a maximum unit amount of €20 million and a term of up to €100 million.
UniCredit has been named Europe's best bank for the second consecutive year at the Euromoney Awards 2026. In Italy, Bper wins, awarded for its growth path, M&A operations, and ability to integrate new businesses.
The German Chancellor reiterated that the government will not sell its 12% stake in Commerzbank: "We accept that a significant portion of Commerzbank's shareholders have made a different decision."
Despite the successful takeover bid, the road to taking control of Commerz will still be long, and the German government may try to interfere further. Meanwhile, in Italy, Unicredit is studying several dossiers, including the possibility of Fineco.
In the supplementary period, Unicredit raised over 5% of Commerz's shares, double the estimate and a victory for Orcel. Orlopp: "To achieve synergies, a shared solution is needed; less than 2% of independents have signed up."
Europe plunges into the red amid the US-Iran standoff, with concerns over Hormuz returning. Rising crude oil prices are putting pressure on government bonds. Keep an eye on tonight's Fed minutes - Follow the LIVE broadcast.
The French group has made its bid official, bringing it close to the takeover threshold: a move that "strengthens the solid industrial partnership" with Banco. With the Commerz offer now complete, the market is speculating on a possible move by UniCredit.
According to market estimates, the tender offer is expected to conclude with a total of 15% of the total subscribers, bringing UniCredit's stake in Commerzbank to 45% and a potential 58%. Handelsblatt: "Discontent at the ECB over the German government's opposition."
Below-expected US job data reduces expectations for a Fed hike in July. Fincantieri and Leonardo are rising in Milan, while Unicredit is doing well - Follow the LIVE CHANNEL • MARKETS Why Asia is slipping on AI fears by Gabriella Buschi
Credem and the consortium formed by Bcc Iccrea and Banca Popolare di Puglia e Basilicata are also said to be in the running for the former Bari People's Bank.
According to MF, the assets attributable to Amundi in UniCredit's managed assets have fallen to approximately 75 billion euros and the decline will continue until the 2027 maturity. Meanwhile, anticipation is mounting for the outcome of the Commerz offer, which…
A national platform dedicated to social change managers has been launched, promoted by Unicredit's Banking Academy of ESG Italy, which includes a register in collaboration with Confindustria Campania Piccola Industria.
Orcel, "55-60% of UniCredit isn't in Italy, but if there were opportunities here, we'd evaluate them." And regarding Commerz, he rules out a relaunch: "Even if we wanted to, and we don't, there's no way to do it now."
After the State Attorney's Office clarified that UniCredit does not pose a threat to national security, the bank decided to withdraw its appeal, while the German government continues to do everything it can to hinder the takeover of Commerzbank.
Minister Giorgetti says the government will be vigilant on the new rounds of banking risk, but then hints at possible limitations on Intesa Sanpaolo's takeover bid for MPS. So: is the government a referee or still a player?
As required by German law, there will be extra time from June 20th to July 3rd, during which those who did not participate can do so and surrender their shares. Meanwhile, the takeover bid has become a (small) premium.
Crédit Agricole is Banco BPM's largest shareholder with a 22,9% stake and has already received the ECB's approval to increase its stake to 30%. The bank's management is reportedly evaluating all options to respond to the wave of...
Speaking at the Fii Institute Europe 2026 conference in Rome, Orcel criticised the barriers and nationalism existing at European level which are favouring fintech and US giants.
According to Il Sole 24 Ore, Unicredit has proposed to Delfin to exchange the holding company's 10% stake in Generali for Unicredit shares. The offer has been rejected for now.
All the markets are focused on Warsh's Fed: what will it do about interest rates? In Europe, the Milan Stock Exchange is once again reigning supreme, buoyed by the banks. On Wall Street, SpaceX's rally continues. Oil prices are below 80...
At the end of the first phase of the offer, UniCredit holds a potential 55,59% stake in Commerzbank, despite the Berlin government failing to hand over its 12% stake. UniCredit shares are soaring: at current market prices, the offer is trading at a premium.
Fondazione con il Sud and UniCredit launch "Building Community Together" to support four Southern Italian areas affected by depopulation, strengthening co-planning, local development, and social inclusion.
UniCredit defends itself from numerous accusations in recent weeks: "It has always provided clear and timely information." The Frankfurt prosecutor's office has opened a preliminary investigation following a complaint from the workers' council. The Berlin government, a 12% shareholder, rejects the takeover bid.
It starts on Tuesday, June 16th, with the Bank's board meeting and the end of the acceptance period for Unicredit's offer, and concludes at the end of the year. Here are the next steps in the game of risk to mark in red on your calendar.
The events surrounding Banco BPM and Monte dei Paschi confirm that whenever politicians try to interfere in the banking system, they only cause trouble and make a bad impression. Let's hope they've understood this and that regarding the Intesa Sanpaolo takeover bid...
The bank in Piazza Gae Aulenti issued a harsh response to German insinuations about the integrity of the bidding process: "We are in continuous, fully transparent dialogue with the supervisory authority BaFin."
Three Spanish, two Italian, one British, one Swiss, one French, one Dutch, and one Finnish. This is the geography of the top European banks by market capitalization. None has reached the heights of the American giants.
Intesa Sanpaolo's €30 billion takeover bid for MPS has three very clear objectives, but one is especially in the national interest: the defense and stability of Generali. Will Messina and Orcel be allies or rivals in terms of capital?
The largest stakes come from Nomura and Verto Capital. Orlopp: "Two conditions for us to sit at the table with Unicredit." • MARKETS This is how Orcel gained de facto control of Vittoria Patanè's German bank.
With a direct stake of 34,4% and an additional 16,4% in derivatives, Unicredit has achieved a theoretical majority in Commerzbank and is now seeking approval to increase its stake to 100%. A success for the "king of M&A."
New tensions between the US and Iran are dashing hopes for a deal and boosting oil prices. Banks in Milan are struggling, while Diasorin is soaring - Follow the LIVE coverage.
After being stagnant for weeks, according to Bloomberg, subscriptions to UniCredit's offer for Commerzbank have surpassed 7,58%. Between direct participation, financial instruments, and derivatives, Piazza Gae Aulenti is now over 50,76%.
Andrea Orcel's UniCredit is winning the battle to acquire Commerzbank, holding a 42% stake that ensures de facto control of the German bank regardless of the final outcome of the takeover bid. Sensing the wind, the…
At the Commerzbank shareholders' meeting, management again recommended against UniCredit's offer, sparking protests from shareholders. The share price of the Italian stock exchange, Piazza Gae Aulenti, is at 42%, net of treasury shares.
European stock markets closed sharply higher, buoyed by expectations for Nvidia's quarterly results, which investors are closely monitoring to assess the health of the US technology sector - Follow the LIVE broadcast.
Commerzbank's board of directors and supervisory board advise shareholders not to accept UniCredit's offer: "Its presence as a major shareholder causes uncertainty."
Last year, the first quarter of Italy's top five banks closed with €6,8 billion in profits. Unicredit and Intesa, combined, accounted for 80% of the profits.
The ECB's moral persuasion on the Berlin government. In an interview with the Financial Times, the ECB vice president criticized Germany's stance, while Executive Board member Piero Cipollone, speaking about the operation, explained that "An integrated market makes everyone…
In the first quarter, operating profit and net commissions hit record levels. To the approximately 14 redundancies announced for 2021, Commerzbank is adding another 3. Orlopp: "UniCredit should recognize the premium and strength of our business model."
The buyer is a well-established private investor based in the United Arab Emirates. The deal includes the spinoff of the Russian subsidiary AO Bank. The stock rose in Milan.
Anima Holding closed the first quarter of 2026 with total consolidated revenues of €140,6 million, up 5% from the same period in 2025, and consolidated net profit down 14% to €61,4 million, while the adjusted result…
After the shareholders' meeting approved the capital increase, the offer has officially been launched and will close on June 16th. Orcel: "We don't expect to secure a controlling interest, but the scenario is positive in any case."
Milan, London, and Madrid bucked the decline in stock markets dominated by the oil price. The FTSE MIB, fueled by oil and banking stocks, broke through the 48 mark. The spread rose to 83 basis points.
The banking game is back in full swing in Italy, and amid speculation about the fate of the Lion's stake held by MPS-Mediobanca, Unicredit's moves, and Delfin's reorganization, all eyes are on Generali, the Italian safe haven that…
According to Bloomberg, since the beginning of the year the German government has been in contact with some European banks to see if they were willing to acquire a stake in Commerzbank.
Between buybacks and new purchases, the market is already expecting a further increase of around 10%. The spotlight is back on the banking and insurance game: Leo is at the center.
The bank led by Andrea Orcel becomes the third-largest shareholder, behind MPS and Delfin. The shareholders' meeting approved a €500 million buyback and reappointed the board of statutory auditors. 69,69% of the share capital was present.
"If we don't gain control" of Commerzbank through the tender offer, "we will pause and focus on other internal matters," UniCredit CEO Andrea Orcel said in an interview with Bloomberg TV.
The plan includes 1.085 new hires under 30 with apprenticeship contracts and 45 new hires dedicated to women victims of violence and their children. Welfare interventions are also planned.
UniCredit CEO Andrea Orcel, as a significant shareholder, highlighted the German bank's critical issues and the changes it would need to make to increase its earnings. If the merger were to take place, net income would rise to approximately...
The US seizure of an Iranian merchant ship and the promise of retaliation from Tehran's military high command have thrown the ceasefire into doubt. Oil prices rebound but remain below 100, the…
Eight big names in the Ftse Mib are detaching their 2025 dividends, kicking off the richest season of the year, which kicks off with the “Dividend Day” on May 18th and continues with the third wave on June 22nd.
Wine tourism can and must be a strategic lever for the Italian wine market. This is confirmed by a report on the wine tourism market presented by Unicredit and Nomisma Wine Monitor during the Vinitaly workshop "Wine Tourism: Development Opportunities…"
In view of the meeting on May 4th, called to decide on the capital increase functional to the offer, the institute led by Andrea Orcel writes to the shareholders indicating that the German bank does not want to open up to any constructive dialogue.
UniCredit shares rose more than 5% on the stock market. Chairman Padoan: "Europe needs stronger and better capitalized institutions." Together with Commerzbank, we want to contribute to their creation.
Speaking at the Morgan Stanley European Conference, Andrea Orcel opened up to everyone, from Commerzbank's top management to the German government, and described the impacts of the various scenarios. "We'll know the outcome of the offer in June."
Euro-Atlantic markets start the week positively. Stm and Unicredit soar 0,54% on the day of Commerzbank's rebound, while Commerzbank soars over 8% in Frankfurt. Gold falls below $5.000, Brent crude holds the $100 mark.
The takeover bid is expected to begin in May. Orcel: "Now is the time to talk," but Commerz responds: "The offer is not agreed upon and not at a premium." Shares of the German bank soar.
Generali's board of directors approved a dividend of €1,64 per share, exceeding estimates, for a total payout of up to €2,5 billion. Adjusted net profit increased by 14,5%. The CEO also expressed his readiness…
One area where there should be unity of action among EU governments is the adaptation of the European banking system to changing economic, technological, and geopolitical landscapes. Alberto Pera, president of the Italian Antitrust Association, explains why.
German Finance Minister Lars Klingbeil has been less harsh on the deal than in the past. CEO Orlopp has also sounded more subdued. Could a turning point be near?
According to an analysis by the Fiba Foundation of First Cisl on data from Intesa Sanpaolo, Unicredit, Banco Bpm, Mps and Bper, in 2025 the drop in interest margin was offset by an increase in commissions
The bank raised its 2026 profit forecast after posting record operating results in 2025. CEO Orlopp said: "Not only have we achieved ambitious targets, but in many cases we have exceeded them."
The bank led by Andrea Orcel and the unions reach an agreement on the 2025 bonus, increased by 10%, and on the meal voucher, which goes from 8 to 10 euros starting from 2027. The details
An Olympic gold-medal-winning day for Milan, which is hosting the Winter Games: the FTSE MIB is up 2%. Other stock markets are also up. The Nasdaq is up 1%. Oil is up.
UniCredit records its best year ever. The new "Unlimited" strategic plan through 2028 is underway. Orcel: "Interest margin will continue to grow sequentially. Commerz? If the conditions are right, everything will happen smoothly." And what about Generali?
Asia is buoyant thanks to tech. Tokyo's Nikkei shines after Takaichi's victory. In the United Kingdom, Prime Minister Starmer bid farewell to his chief political advisor, McSweeney, yesterday. European stock markets opened higher. A…
Deutsche Bank is once again in the spotlight, and this time it's accused of money laundering. This isn't the first time this has happened, and perhaps, rather than vetoing Italian banks in Germany, Chancellor Merz would be wise to look further...
Analysts expect Commerzbank's dividend per share, based on 2025 earnings, to rise to €0,96/€1,3 from €0,65. The dividend is expected to be paid out in May.
In addition to the national recognition, 45 companies have obtained the European certification, while 12 have reached the prestigious global level and 6 have achieved the new Enterprise Certification, reserved for organizations present in at least ten countries with more than 2.500 employees.
Piazza Affari stands out among the major European stock markets, buoyed by gains in tech stocks. Unicredit stands out after denying rumors of an interest in Delfin's stake in MPS. Commodities decline - Follow the…
The award is given annually by Pitti Immagine, a leading company in the promotion of the Italian fashion industry and design, to companies, brands and personalities who stand out in the fashion sector.
The Senate approved the Transition Decree 5.0, which contains the Golden Power amendment. According to Mf, the changes introduced by the government have satisfied the EU Commission, which has decided to avoid a head-on confrontation with Rome.
European stock markets are struggling, with Milan and Frankfurt slightly up thanks to defense stocks, supported by Trump's announcement: +50% to the military budget by 2027. Tokyo continues to decline, gold retreats and oil tries a timid rebound.
While the stalemate over Commerzbank continues in Germany, Unicredit is taking advantage of the fertile ground in Greece and, by converting derivatives, is strengthening its stake in the Hellenic bank.
The prospect of a UniCredit takeover of MPS is intriguing the financial community and could ignite the banking game well into 2026, but Orcel will once again have to contend with the government, which is not only a shareholder in the bank...
The few Asian markets that are open, with China and Japan still on holiday, are positive, driven by artificial intelligence stocks. Futures point to a rise on Wall Street but a decline in European markets. Data is expected today...
The 2025 of the Italian banking sector, between failed mergers and excessive constraints, has shown the tension between national interests and European rules, with Unicredit-Bpm the symbol of the crisis
A new generational handover in the UniCredit group, which closes 2025 with a union agreement aimed at new hires and the full implementation of the ABI Protocol to support women victims of violence.
Many European stock markets will be closed tomorrow, December 31st, with the exception of London and Paris, which will hold shortened trading sessions ahead of the New Year holidays. At Piazza Affari, banks led by the trio of MPS, Mediobanca, and Unicredit will be active.
In an interview with the German newspaper Die Welt, Commerz CEO Bettina Orlopp reiterated her opposition to the takeover and spoke of overlaps and high risks.
The sold package represents almost the entire portfolio of long-term leasing contracts of the subsidiary UniCredit Leasing. This strategy, similar to that adopted by Intesa SanPaolo, is less costly than selling the entire company.
The tour will visit seven cities from north to south. The bank is a Premium Partner of Scuderia Ferrari HP: a bond built on tradition and innovation, founded on a passion for high performance and the pursuit of excellence.
In a hearing before the Parliamentary Commission of Inquiry into the Banking System, Andrea Orcel explained that closing its operations in Russia would only benefit the country we don't want to help. He then defended the bank's Italian roots: "Here, 45% of…
Just days after upgrading Italy's rating, Moody's upgraded its ratings for banks, utilities, and large industrial groups. Banco BPM, Bper, Credem, Unipol, Acea, Invitalia, and Aeroporti di Roma also received upgrades.
A deluge of advances, balances, and special coupons are coming on November 24th. From major banks to Poste Italiane and Eni, here's who's distributing them and what the returns are.
After days of waiting, the EU has officially launched infringement proceedings against our country for "the incompatibility of discretionary powers in banking mergers with European Union law in Italy." Giorgetti: "We will respond in a constructive spirit."
