UniCredit Could Be Encouraged by Banco BPM-Anima Deal Developments -- Market Talk

Dow Jones2025-03-27

0942 GMT - UniCredit could be paradoxically motivated by a rejected application of the "Danish Compromise" rules on the acquisition of asset manager Anima by Banco BPM, which the Italian lender has launched a takeover offer for, Deutsche Bank says in a research note. BPM heard from the European Central Bank that it holds a negative view on the application of the regulation which allows for less capital consumption in such a deal. UniCredit could benefit from the share drop of BPM, reducing the amount of a potential cash bump for a possible bid, analyst Giovanni Razzoli and associate Rishika Garg write. "Furthermore, the uncertain regulatory environment with the DC may deter UniCredit from pursuing other acquisitions reliant on similar capital arbitrage strategies," they say. Both stocks fall, tracking the market. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

March 27, 2025 05:42 ET (09:42 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2522032361?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-27 17:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2522032361","market":"sg","top_or_hot":-1,"title":"UniCredit Could Be Encouraged by Banco BPM-Anima Deal Developments -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0942 GMT - UniCredit could be paradoxically motivated by a rejected application of the \"Danish Compromise\" rules on the acquisition of asset manager Anima by Banco BPM, which the Italian lender has launched a takeover offer for, Deutsche Bank says in a research note. BPM heard from the European Central Bank that it holds a negative view on the application of the regulation which allows for less capital consumption in such a deal. UniCredit could benefit from the share drop of BPM, reducing the amount of a potential cash bump for a possible bid, analyst Giovanni Razzoli and associate Rishika Garg write. \"Furthermore, the uncertain regulatory environment with the DC may deter UniCredit from pursuing other acquisitions reliant on similar capital arbitrage strategies,\" they say. Both stocks fall, tracking the market. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 27, 2025 05:42 ET (09:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UniCredit Could Be Encouraged by Banco BPM-Anima Deal Developments -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUniCredit Could Be Encouraged by Banco BPM-Anima Deal Developments -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-27 17:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0942 GMT - UniCredit could be paradoxically motivated by a rejected application of the \"Danish Compromise\" rules on the acquisition of asset manager Anima by Banco BPM, which the Italian lender has launched a takeover offer for, Deutsche Bank says in a research note. BPM heard from the European Central Bank that it holds a negative view on the application of the regulation which allows for less capital consumption in such a deal. UniCredit could benefit from the share drop of BPM, reducing the amount of a potential cash bump for a possible bid, analyst Giovanni Razzoli and associate Rishika Garg write. \"Furthermore, the uncertain regulatory environment with the DC may deter UniCredit from pursuing other acquisitions reliant on similar capital arbitrage strategies,\" they say. Both stocks fall, tracking the market. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 27, 2025 05:42 ET (09:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UNCFF","symbol_name":"UniCredito Spa","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522032361","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522032361","pubTimestamp":1743068520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0942 GMT - UniCredit could be paradoxically motivated by a rejected application of the \"Danish Compromise\" rules on the acquisition of asset manager Anima by Banco BPM, which the Italian lender has launched a takeover offer for, Deutsche Bank says in a research note. BPM heard from the European Central Bank that it holds a negative view on the application of the regulation which allows for less capital consumption in such a deal. UniCredit could benefit from the share drop of BPM, reducing the amount of a potential cash bump for a possible bid, analyst Giovanni Razzoli and associate Rishika Garg write. \"Furthermore, the uncertain regulatory environment with the DC may deter UniCredit from pursuing other acquisitions reliant on similar capital arbitrage strategies,\" they say. Both stocks fall, tracking the market. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UNCFF":"UniCredito Spa","BK4207":"综合性银行"},"translate_title":"联合信贷银行可能会受到Banco BPM-Anima交易进展的鼓舞——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UNCFF":0.9},"content_text":"0942 GMT - UniCredit could be paradoxically motivated by a rejected application of the \"Danish Compromise\" rules on the acquisition of asset manager Anima by Banco BPM, which the Italian lender has launched a takeover offer for, Deutsche Bank says in a research note. BPM heard from the European Central Bank that it holds a negative view on the application of the regulation which allows for less capital consumption in such a deal. UniCredit could benefit from the share drop of BPM, reducing the amount of a potential cash bump for a possible bid, analyst Giovanni Razzoli and associate Rishika Garg write. \"Furthermore, the uncertain regulatory environment with the DC may deter UniCredit from pursuing other acquisitions reliant on similar capital arbitrage strategies,\" they say. Both stocks fall, tracking the market. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 27, 2025 05:42 ET (09:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2522032361","isCrawlerRequest":true}