UniCredit, Societe Generale Shares Rise on Merger Speculation
04 Junio 2018 - 02:44AM
Noticias Dow Jones
By Max Bernhard
Shares in Societe Generale SA (GLE.FR) and UniCredit SpA
(UCG.MI) rose shortly after market open on Monday on speculation
that the two banks are reviewing a potential merger.
The Financial Times reported Sunday that UniCredit is
considering a merger with the French bank but hasn't made a formal
approach.
UniCredit shares rose as much as 4%, while Societe Generale
traded up 2.9% shortly after open, following the report.
Directors at Societe Generale have been reviewing the
possibility of a merger and officials of both banks are in early
stage talks, according to the FT report.
Societe Generale on Monday denied any board discussions
regarding a potential merger with Italian lender, while UniCredit
declined to comment.
A potential deal would see two major European banks merge, with
UniCredit and Societe Generale having a market capitalization of
32.76 billion euros ($38.19 billion) and EUR30.32 billion,
respectively.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
June 04, 2018 03:29 ET (07:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Unicredit (BIT:UCG)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Unicredit (BIT:UCG)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024