UniCredit CEO Won't Risk Hefty Fine on Banco BPM Deal -- Market Talk

Dow Jones

Jun 11, 2025

0847 GMT - UniCredit is ready to drop its Banco BPM takeover offer if the Italian government doesn't clarify the conditions imposed on the transaction, the bank's CEO says at a conference. UniCredit launched an unsolicited offer for its domestic rival last year and Rome has set out prescriptions to greenlight the deal. If the transaction closes without clarity and the lender finds itself in breach, it could face a fine of 20 billion euros, Andrea Orcel says, adding that he won't take that risk. The probability that the BPM acquisition will go through is currently around 20%, the executive calculates. Orcel has said before that he is open to walking away if the conditions jeopardize value creation. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

June 11, 2025 04:47 ET (08:47 GMT)

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UniCredit launched an unsolicited offer for its domestic rival last year and Rome has set out prescriptions to greenlight the deal. If the transaction closes without clarity and the lender finds itself in breach, it could face a fine of 20 billion euros, Andrea Orcel says, adding that he won't take that risk. The probability that the BPM acquisition will go through is currently around 20%, the executive calculates. Orcel has said before that he is open to walking away if the conditions jeopardize value creation. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 11, 2025 04:47 ET (08:47 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UniCredit CEO Won't Risk Hefty Fine on Banco BPM Deal -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUniCredit CEO Won't Risk Hefty Fine on Banco BPM Deal -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-11 16:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0847 GMT - UniCredit is ready to drop its Banco BPM takeover offer if the Italian government doesn't clarify the conditions imposed on the transaction, the bank's CEO says at a conference. UniCredit launched an unsolicited offer for its domestic rival last year and Rome has set out prescriptions to greenlight the deal. If the transaction closes without clarity and the lender finds itself in breach, it could face a fine of 20 billion euros, Andrea Orcel says, adding that he won't take that risk. The probability that the BPM acquisition will go through is currently around 20%, the executive calculates. Orcel has said before that he is open to walking away if the conditions jeopardize value creation. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UNCFF":"UniCredito Spa","BK4207":"综合性银行"},"translate_title":"联合信贷银行首席执行官不会因Banco BPM交易而面临巨额罚款的风险——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UNCFF":0.9},"content_text":"0847 GMT - UniCredit is ready to drop its Banco BPM takeover offer if the Italian government doesn't clarify the conditions imposed on the transaction, the bank's CEO says at a conference. UniCredit launched an unsolicited offer for its domestic rival last year and Rome has set out prescriptions to greenlight the deal. If the transaction closes without clarity and the lender finds itself in breach, it could face a fine of 20 billion euros, Andrea Orcel says, adding that he won't take that risk. The probability that the BPM acquisition will go through is currently around 20%, the executive calculates. Orcel has said before that he is open to walking away if the conditions jeopardize value creation. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 11, 2025 04:47 ET (08:47 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}