UniCredit working with GS, JPM as strategic advisers: Sources

MILAN: 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 is working with Goldman Sachs and JPMorgan on a business update it plans to present to the market in the second quarter of 2021, one of the sources said.Advertisement To re-privatise the loss-making bank as it has agreed to do to win European Union approval for the bailout, the Treasury is considering various options, including a share exchange offer the buyer would launch, one of the sources said.

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