UniCredit working with GS, JPM as strategic advisers: sources

UniCredit is working with strategic advisers Goldman Sachs and JPMorgan, three people close to the matter said, as it prepares to update its business plan next year and weighs a potential acquisition of state-owned peer Monte dei Paschi.

UniCredit has ruled out mergers and acquisitions but sources have said it may consider a deal similar to the one struck by Intesa Sanpaolo in 2017, when it bought the good assets of two failing banks for 1 euro and the state stepped it to neutralise the impact on its balance sheet and protect it from legal risks.

The other two sources said JPM and GS, two investment banks traditionally close to UniCredit, were also expected to provide advice on MPS if the conditions for a deal came into place.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UniCredit working with GS, JPM as strategic advisers: SourcesUniCredit is working with strategic advisers Goldman Sachs and JPMorgan, three people close to the matter said, as it prepares to update its ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

UniCredit working with GS, JPM as strategic advisers: SourcesUniCredit is working with strategic advisers Goldman Sachs and JPMorgan, three people close to the matter said, as it prepares to update its ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: Alibaba-backed logistics firm Best weighs sale in strategic review - sourcesNew York-listed Best Inc, a Chinese logistics firm backed by e-commerce giant Alibaba Group Holding Ltd, is considering a sale as part of a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Kim Kardashian Felt Kanye West Wasn't 'Willing' to 'Compromise' in Their Marriage, Source SaysKim Kardashian is reportedly focusing on the well-being of herself and her four children amid her divorce from Kanye West.
Source: YahooSG - 🏆 3. / 71 Read more »