Report
Steven Gould

Unicredit : Monte Paschi: an M&A option that, whilst not easy, should not be ruled out

>Newsflow relatively realistic at first reading... - Rumours in the press and the market allude to the fact that the Italian government has recently sounded out Unicredit on BMPS (divestment). Such a move is in line with that taken by other governments in the EU, as they attempt to reactivate banking consolidation and with the more accommodative approach adopted by the ECB on this subject (treatment of badwill, etc.) in order to protect/ensure the stability of the dom...
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
Steven Gould

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