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Negotiation extended for the merger between UniCredit and Mps

10 September, Finanza Report

The negotiation for the merger between UniCredit and Mps had been extended. The results of the due diligence will be decisive for a risk-free acquisition by UniCredit. The operation is hazardous due to the considerable amount of non-performing loans and credits at risk for about 15 billion € held by Mps.  UniCredit is mainly interested in Mps branches in the north and central Italy and the online bank Widiba.

Source: Finanza Report

Translator: Cristina Ambrosi