UniCredit has entered into agreement terms for buying Capitalia for $29 billion. This would help create the second biggest bank in Europe. The boards of both the banks have approved the takeover components. This completion of this merger would strengthen UniCredit’s position as Italy’s largest bank in terms of market value and also puts a stop to years of speculation as to who would take away Romebased Capitalia in a rapidly consolidating industry.
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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative