Unicredit
EUR13bn capital increase: downshift to Neutral
Unicredit (Neutral, from BUY, TP EUR2.88, from EUR3.7) Investment catalyst: we view Unicredit as a really solid restructuring story whose value will […]
Capital Markets Day next week
Unicredit (BUY, TP EUR3.7) Investment catalyst: we expect Unicredit to unveil a capital increase when the bank presents its new […]
Waiting for the new business plan
Unicredit (BUY, TP EUR3.7) Investment catalyst: On 13 December Unicredit will present its new business plan, that should include the capital […]
Fineco disposal
Unicredit (BUY, TP EUR3.7) Investment catalyst: Unicredit sold 20% (or 121.4m shares) of Italian unit Finecobank with a placement, […]
Restructuring update
Unicredit (BUY, TP EUR3.7) Banca Generali is working with Goldman Sachs in talks to buy Unicredit’s controlling stake […]
Restructuring update
Unicredit (BUY, TP EUR3.7) According to press reports Unicredit is accelerating the Pioneer disposal, non-binding offers for the acquisition […]
Restructuring update
Unicredit (BUY, TP EUR3.7) The Polish government favours a purchase of UniCredit’s Polish lender Bank Pekao by domestic […]
PZU interested in Bank Pekao
Unicredit (BUY TP EUR3.7) “Poland’s PZU is confident about reaching a deal to acquire UniCredit’s Polish lender Bank Pekao […]