Italian lender UniCredit made a bid to acquire Banco BPM for approximately 10 billion euros, intending to merge two of Italy’s largest banks in an all-stock deal. UniCredit’s offer of 6.657 euros per share represents a slight premium on Banco BPM’s closing price. The move follows a trend of consolidation in the European banking sector, with UniCredit positioning itself as a leading pan-European banking group while pursuing a separate deal with German bank Commerzbank.
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LILLEY: Premiers are stepping up to do the job Trudeau won’t
Premiers across Canada are taking on more responsibility in response to Prime Minister Trudeau's perceived lack of leadership during the COVID-19 pandemic. This shift in power has been prompted by the need for quick and decisive action to combat the virus and its economic impact. The premiers are stepping up to fill the void left by the federal government's inaction, demonstrating their commitment to protecting their citizens and ensuring the nation's well-being. Full Article
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