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UniCredit CEO Tells Il Sole No M&A Moves on Table at the Moment

Andrea Orcel

Andrea Orcel

Photographer: Jason Alden/Bloomberg

UniCredit SpA plans to return to organic growth in its home market and doesn’t rule out takeovers in the future, Chief Executive Officer Andrea Orcel said.

The lender, which last week said it will return at least 16 billion euros ($18.1 billion) to shareholders by 2024 in one of Europe’s most ambitious payout proposals, doesn’t currently have any merger plans in the works, Orcel said in an interview Saturday with Il Sole 24 Ore.