UniCredit has made a €10.1bn offer for Banco BPM, proposing a share exchange to strengthen its competitive position in Italy. The merger could create Europe's third-largest lender. UniCredit's CEO, Andrea Orcel, stated that this takeover won't affect their investment in Commerzbank, despite concerns in Germany about potential job cuts. The announcement follows Banco BPM's recent stake acquisition in Monte dei Paschi di Siena and its own offer for Anima Holding. Teljes cikk (Euronews.com)