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Milan (Reuters) – the second largest bank in Italy UniCredit, the smallest Rival Banco BPM received 14 billion euros and the permission of the European Central Bank for all sharing proposal.
UniCredit’s BPM proposal, 2008-2012 resides painfully cleansing after the crisis years, but recently received a record profit due to high interest rates.
UniCredit will finance the proposal that authorizes the issue of sharing on Sunday on Sunday.
Italy is expected to clean the proposal document in the consob of market regulators next week, the last step before UniCredit starts a tender.
However, the bank is likely to wait a month, or before doing this, he said he was a man familiar with the process.
A veteran deumaker, a veteran deumaker, a veteran deumaker, a veteran deumaker, which has a share in the insurer general of Germany and Italy, has repeatedly said that the shareholder returns to continue a tie.
In November, the Unitredit proposal for Banco BPM, was transferred to the Foundation Manager Anima Holding a few weeks later.
The ECB’s acquisition of BPM 1.8 billion euros this week is more expensive after the BPM’s BPM has given a negative view of BPM, known as BPM’s “Denmark Compromise”.
BPM said that without the protection of the failure, it will allow them to pay an additional 1 billion euros and will take place on Thursday.
UniCredit has the right to issue BPM offers without the benefits of Denmark, and it reiterated that the BPM will be closely monitored by the BPM’s profitability and the effects of capital.
On Friday, ANIMA lag showed that BPM was offered a reward near the shareholders.
(Report by Valentina ZA; regulation by Kirsten Donovan)
