Italy’s Banco BPM has no details about potential UniCredit bid



© Reuters. FILE PHOTO: A lady walks in entrance of the Banca Popolare di Milano (BPM) financial institution in downtown Milan, Italy, January 29, 2016. REUTERS/Alessandro Garofalo/File Photograph


MILAN (Reuters) – Italy’s Banco BPM has not acquired any details about a potential bid from larger rival UniCredit, a supply near the financial institution mentioned on Friday.

Shares in Banco BPM climbed on Friday after renewed hypothesis that bigger Italian rival UniCredit CRDI.MI may launch a takeover bid for the lender.

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