Report
Carine Maciol

Unicredit : Un crédit solide, mais un news flow incertain nous conduit à lui préférer Intesa et Banco BPM

Alors que nous finalisions notre étude, les rumeurs se sont amplifiées vendredi sur une offre imminente d’Unicredit sur Banco BPM. Nous ne maitrisons pas le timing, mais le scenario est crédible et ferait sens. Nous considérons le plan stratégique 2024 présenté par Unicredit en décembre dernier comme un plan B dont les objectifs pourraient être bouleversés avant son terme. Le plan A étant celui d’une acquisition, car même s’il se défend de vouloir mener une opération de M&A à tou...
Underlying
UniCredit S.p.A.

Unicredit is a pan-European commercial banking group based in Italy. Co. is engaged in the provision of in-branch and online corporate and investment banking services, providing customers with access to banks in 14 core markets as well as to an another 18 countries worldwide. Co.'s operations are organized along six business lines: Commercial Banking Italy; CEE Division; CIB; Commercial Banking Germany; Commercial Banking Austria; and Asset Gathering. Co.'s European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Slovakia, Slovenia, Serbia and Turkey.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Carine Maciol

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