Orcel: Unicredit climbing hypotheses on Generali to be excluded | EUROtoday

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The speculation that the A.D. Of Intesa Sanpaolo, Carlo Messina, he should name Unicredit primary, Andrea Orcel, to inform him to cease in a hypothetical climb of the generals is “to be excluded”. The Orcel himself declared it by intervening on the 129th Fabi National Council. Yesterday Messina stated: “If Unicredit decides to climb Generali the first thing I would do would be to call Andrea Orcel and I would say” cease “». This scenario is therefore to be excluded: “Absolutely sure,” said Orcel.

The aggregation between Unicredit and Banco Bpm, on the other hand, is “an industrially legitimate operation, strategically legitimate, nonetheless it clashes on totally different visions that make the de facto non -economic operation”, added Orcel, referring to the stakes set by the government with the Golden Power, which involve “authorized obstacles” that make it possible to meet the requirements or “a rise within the financial price to do the operation”. “Is this analysis definitive?” The secretary general of Fabi, Lando Maria Sileoni, asked the AD of Unicredit, during the 129th Fabi National Council: “If they continue to be so completely,” Orcel replied.

“Our use of the TAR is a query of readability, not of fight”, but “the tar-condemnation path of state won’t are available time to present us certainty of the closure of the operation” on Banco Bpm, then added Orcel, admitting that the OPS, “might decay”. “It can at all times be re -proposed,” he then concluded on the subject.

Speaking more generally, the CEO of Unicredit said he did not need to do M&A, “as a result of it’s not an finish in itself, it’s one thing that should add worth to what I’ve, don’t scale back my worth to do a favor to the others who as an alternative squeezed the lemon till it turns into with none sauce inside”. “If there are circumstances, we are going to do the operations – he added -. If there aren’t any operations we won’t do them and we are going to return to a trajectory that’s already one of the best that exists in Europe, “explained the banker.