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UCG Unicredit Spa

34.595
-0.305 (-0.87%)
Last Updated: 12:05:17
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unicredit Spa BIT:UCG Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.305 -0.87% 34.595 34.595 34.605 35.12 34.39 35.005 2,651,213 12:05:17

UniCredit Says No Mandate Has Been Signed After Report of Potential Bid for Commerzbank

15/05/2019 6:46am

Dow Jones News


Unicredit (BIT:UCG)
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From May 2019 to May 2024

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   By Cristina Roca 
 

UniCredit SpA (UCG.MI) said late Tuesday that no banking mandate has been signed after Reuters reported that the Italian bank is mulling a takeover bid for Commerzbank.

On Tuesday, Reuters reported that UniCredit has approached investment bankers and advisors for counsel regarding a potential bid for the German bank.

UniCredit said it is focused on its Transform 2019 plan, which is "based on organic assumptions."

The bank said it was responding to the speculation at the request of the Italian market authorities.

 

Write to Cristina Roca at cristina.roca@dowjones.com

 

(END) Dow Jones Newswires

May 15, 2019 01:31 ET (05:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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