10 hours ago
UniCredit Taps Adviser for BPM Bid Branch Sales Amid Deal Doubts
UniCredit SpA has tapped an investment bank to manage the possible sale of branches it needs to carry out if it buys Banco BPM SpA, according to people familiar with the matter.
The Italian lender has asked Kitra Advisory to help it offload branches across Italy in a move that would address demands from the European Union antitrust watchdog if the takeover goes ahead, the people said. The potential disposal of branches is part of a project dubbed Stardust, they said asking to not be named discussing private information.
