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1 year ago

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Breakingviews - UniCredit's M&A hunt has more glitter than gold

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Breakingviews - UniCredit's M&A hunt has more glitter than gold

Andrea Orcel has a dilemma. Since joining 36 billion euro UniCredit as chief executive in April 2021, the Italian banker has consistently boosted earnings beyond analyst expectations while keeping its capital base solid. The resulting improved valuations should in theory put the veteran dealmaker in a strong position to pounce on a rival. Yet prospective targets may not be as enticing as it might seem.

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Breakingviews - UniCredit's M&A hunt has more glitter than gold

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Breakingviews - UniCredit's M&A hunt has more glitter than gold

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