Bloomberg News

UniCredit Is Not a Takeover Target, CEO Ghizzoni Tells Sole

November 16, 2011

Nov. 16 (Bloomberg) -- - UniCredit SpA is unlikely to be a takeover target, being a systemically important financial institution, Chief Executive Officer Federico Ghizzoni said in an interview with Il Sole 24 Ore today.

Mediobanca SpA’s stake remains “strategic,” Ghizzoni said. There’s no “hypothesis” of mergers and acquisition for the time being, the CEO added.

The lender’s main foundation owners Fondazione Cariverona, Fondazione Crt and Carimonte will back the bank’s fundraising, Il Sole 24 Ore reported.

To contact the editor responsible for this story: Marco Bertacche at mbertacche@bloomberg.net


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