Banco BPM S.p.A. (IT:BAMI) has released an update.
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UniCredit has launched a public voluntary exchange offer for all shares of Banco BPM, which was not pre-agreed with the bank. Banco BPM’s board expressed concerns over the offer’s terms, citing an unusual premium and potential risks to their market positioning and employment. The bank remains committed to its strategic plans, aiming to create value for shareholders and stakeholders.
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