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Italy’s Banco BPM has no information about potential UniCredit bid



© Reuters. FILE PHOTO: A woman walks in front of the Banca Popolare di Milano (BPM) bank in downtown Milan, Italy, January 29, 2016. REUTERS/Alessandro Garofalo/File Photo


MILAN (Reuters) – Italy’s Banco BPM has not received any information about a possible bid from bigger rival UniCredit, a source close to the bank said on Friday.

Shares in Banco BPM climbed on Friday after renewed speculation that larger Italian rival UniCredit CRDI.MI could launch a takeover bid for the lender.

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