Analysis of recent M&A transactions
After months of intense talks, on March 23, Banca Popolare di Milano (PMI:IM) and Banco Popolare (BP:IM) agreed to merge and to form the third largest bank in Italy by assets (€170bn). The deal comes after a tacit approval by the ECB and is probably only the first step of an anticipated bigger consolidation process. … Continue reading Top of the Pops: Banco Popolare and BPM merge to create Italy’s third largest bank
Industry Overview Relevant signals of growth and recovery are shown in the segments of building materials sector which represent Italcementi and Heidelberg core businesses. Furthermore, continued tailwinds will bring benefits regarding revenue and cash flows in the last part of the year. The sharp fall in oil price and the weakness of Euro will have … Continue reading BOILING SUMMER IN THE BUILDING-MATERIALS INDUSTRY
Hitachi, a Japanese conglomerate, will pay €773 million ($850 million) for Finmeccanica's 40% stake in Ansaldo STS: under Italian law, this type of operations requires a mandatory tender offer in order to be finalized. The Tokyo-based company will pay €9.65 for each Ansaldo STS share, equivalent to a 9.2% premium and it will launch a … Continue reading FINMECCANICA SELLS ANSALDO TO HITACHI FOR MORE THAN $2 BILLION
Bocconi Students M&A Circle 
You must be logged in to post a comment.