BPM, chestnut: we are not in defense on Unicredit, offer does not reflect true value

Banco BPM Castagna OPA on Anima is a transformative deal

(Finance) – The current offer of UnicreditI don’t consider it an offer because it was never a prize From the beginning, but at a discount and therefore none of our shareholders can take it into consideration. ” Giuseppe CastagnaCEO of Banco BPMintervening at the Morgan Stanley European Financials Conference 2025.

We are not in a defensive moodwe are a public company, we have a long history in Italy and important shareholders: the offer does not correspond to our real value “, he added, they emphasize that its goal is” to make it increasingly clear that our bank’s value is higher and in line with the consensus. And this without considering the synergies “.

“THE our customers are very worried about the offerbecause of course the business model of the potential buyer is very different from ours – said Castagna in another step – customers are our strength. Moreover, as you know, we are present in the richest regions of Italy, but we have most of our activities with SMEs and Mid Caps, in addition to retail customers and families “.

As regards the green light of the ECB at the use of Danish Compromise in the integration of SoulCastagna said that “We are sure it will arrive“, also because” we are already a financial conglomerate under the umbrella of the Danish Compromise, it is just about adding something “.

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