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Article Summary
- UniCredit makes offer to buy Banco BPM for $10.5 billion
- Merger would create Italy's largest lender
- Deal still needs approval from Banco BPM board
- UniCredit aims to expand its presence in Italy
- Potential impact on Italian banking sector Tone: Informative
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UniCredit Offers To Buy Rival Italian Lender Banco BPM For $10.5 Billion
Italian lender UniCredit says its offer for domestic rival Banco BMP is separate from its pursuit of German bank Commerzbank.
https://www.cnbc.com/2024/11/25/unicredit-offers-t...
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