Banco

Banking’s Mediterranean Deal Flurry Widens With Banco Novo Sale

(Bloomberg) — The wave of bank acquisitions washing over Southern Europe has reached Portugal. On Friday, Lone Star agreed to sell its 75% stake in the country’s fourth-largest lender, Novo Banco SA, to the French banking group BPCE SA in what would be the biggest euro area cross-border takeover in the sector in a decade….

Italy to Allow UniCredit to Take Over Banco BPM With Conditions

Admin2 months ago03 mins

(Bloomberg) — The Italian government will allow UniCredit SpA’s takeover bid for Banco BPM SpA to move forward, provided some conditions are fulfilled. Following an in-depth review, Prime Minister Giorgia Meloni’s cabinet decided “in defense of strategic interests and national security” to place some conditions on the €13 billion ($14.8 billion) acquisition before allowing it…

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Banking’s Mediterranean Deal Flurry Widens With Banco Novo Sale

Italy to Allow UniCredit to Take Over Banco BPM With Conditions