Bulletin: Potential MPS Deal Could Consolidate UniCredit?s Market Position, While Increasing Domestic Exposure - S&P Global Ratings’ Credit Research

Bulletin: Potential MPS Deal Could Consolidate UniCredit?s Market Position, While Increasing Domestic Exposure

Bulletin: Potential MPS Deal Could Consolidate UniCredit?s Market Position, While Increasing Domestic Exposure - S&P Global Ratings’ Credit Research
Bulletin: Potential MPS Deal Could Consolidate UniCredit?s Market Position, While Increasing Domestic Exposure
Published Jul 30, 2021
3 pages (1335 words) — Published Jul 30, 2021
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About This Report

  
Abstract:

MILAN (S&P Global Ratings) July 30, 2021--S&P Global Ratings said today that UniCredit SpA's potential acquisition of a relevant portion of MPS' assets would help to consolidate its market position in Italy and enhance its earnings once the transaction is fully executed. We note that it would also increase its domestic concentration, however. On July 29, 2021, UniCredit announced that it had entered an agreement to begin exclusive discussions with the Italian Ministry of Economy and Finance to buy the vast majority of MPS' commercial operations and assets. The acquisition could include up to €80 billion of performing customer loans and €62 billion of assets under management. The exact details would follow the due diligence process, which the bank expects

  
Report Type:

Bulletin

Ticker
UC@IM
Issuer
UniCredit SpA
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Italy
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Potential MPS Deal Could Consolidate UniCredit?s Market Position, While Increasing Domestic Exposure" Jul 30, 2021. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Potential-MPS-Deal-Could-Consolidate-UniCredit-s-Market-Position-While-Increasing-Domestic-Exposure-2697557>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Potential MPS Deal Could Consolidate UniCredit?s Market Position, While Increasing Domestic Exposure Jul 30, 2021. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Potential-MPS-Deal-Could-Consolidate-UniCredit-s-Market-Position-While-Increasing-Domestic-Exposure-2697557>
  
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