UniCredit (CRDI.MI) will only proceed with a proposed buyout of rival Banco BPM (BAMI.MI) at the right terms, and can easily return to a "very positive, if not extraordinary" standalone path, its chief executive said on Thursday.
Addressing the annual shareholder meeting where investors were called to approve the share issue needed to finance the bid, CEO Andrea Orcel said UniCredit had performed better than any other European bank since he took over in 2021, and was placed better than rivals to face the future.
