Finance

BPM CEO Castagna Slams UniCredit Threat to Pull Takeover Bid

WATCH: Banco BPM CEO Castagna calls rival UniCredit’s statement “dangerous.”Source: Bloomberg

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By Sonia Sirletti, Antonio Vanuzzo, and Anna Edwards

February 17, 2025 at 4:43 AM EST

Updated on

February 17, 2025 at 11:51 AM EST

Banco BPM SpA Chief Executive Officer Giuseppe Castagna blasted a UniCredit SpA statement as both sides step up their rhetoric in a takeover battle.

UniCredit on Monday morning threatened to drop its takeover bid for Banco BPM if the rival succeeds in getting shareholder approval for a change to its own takeover offer, for asset manager Anima Holding SpA.