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UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion

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Summary
Nutrition label

77% Informative

UniCredit offers to snap up domestic rival Banco BPM for roughly 10 billion euros ( $10.5 billion ) UniCredit says it is offering 6.657 euros for each share, a slight premium on Friday 's close price of 6.644 euros.

The move would merge two of Italy 's largest lenders.

UniCredit said the purchase would allow the bank to "further strengthen its role as a leading pan-European banking group".

VR Score

87

Informative language

91

Neutral language

67

Article tone

formal

Language

English

Language complexity

36

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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