Banca Popolare di Sondrio S.p.A (0NWJ.IL)
- Reuters
Italy Finance Minister sought clarification from UniCredit CEO over Pop Sondrio, sources say
Italy's Economy Minister Giancarlo Giorgetti sought clarification from UniCredit CEO Andrea Orcel over the lender's potential interest in Popolare di Sondrio during a meeting held last week, two people close to the matter said. Both UniCredit and Italy's Treasury declined to comment. Orcel earlier this month dismissed as "noise" a newspaper report that UniCredit was the lender behind stake-building in Popolare di Sondrio, saying his bank had not been buying shares in its smaller rival.
- Reuters
UniCredit CEO dismisses as 'noise' report of Pop Sondrio share buy
MILAN (Reuters) -UniCredit Chief Executive Andrea Orcel on Thursday said his bank was not buying shares in Popolare di Sondrio, dismissing as "noise" a newspaper report about UniCredit being the lender behind stake-building in the smaller rival. Asked in an interview with Bloomberg television in Davos if UniCredit was interested in Popolare di Sondrio, Orcel said: "We are interested in everything at the right price." Daily Il Sole 24 Ore reported that a U.S. investment bank had been building up to a 10% stake in Popolare di Sondrio to allow an Italian lender to become a significant shareholder, with UniCredit being the leading candidate.
- Reuters
UPDATE 3-UniCredit CEO dismisses as 'noise' report of Pop Sondrio share buy
UniCredit Chief Executive Andrea Orcel on Thursday said his bank was not buying shares in Popolare di Sondrio, dismissing as "noise" a newspaper report about UniCredit being the lender behind stake-building in the smaller rival. Asked in an interview with Bloomberg television in Davos if UniCredit was interested in Popolare di Sondrio, Orcel said: "We are interested in everything at the right price." Daily Il Sole 24 Ore reported that a U.S. investment bank had been building up to a 10% stake in Popolare di Sondrio to allow an Italian lender to become a significant shareholder, with UniCredit being the leading candidate.
