UniCredit Hires Deloitte to Advise on Banco BPM Takeover
- Lender has yet to name financial advisers, given complexities
- CEO Orcel also seeks to meet with BPM investor Credit Agricole
A Banco BPM branch in Milan.
Photographer: Camilla Cerea/BloombergThis article is for subscribers only.
UniCredit SpA hired Deloitte LLP to advise Italy’s second-biggest bank on its takeover bid for Banco BPM SpA, people familiar with the matter said.
Milan-based UniCredit is tapping Deloitte for project management office duties, to support its deal preparations including filing of documentation to regulators, the people said. UniCredit is also planning to hire financial advisers, though it hasn’t made final choices yet, said the people, who asked not to be named discussing private deliberations.