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Reuters

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World

UniCredit CEO sees slim hopes of BPM deal, says Commerzbank too costly

Reuters
Summary
Nutrition label

80% Informative

UniCredit CEO Andrea Orcel says he currently sees little scope to advance his acquisition strategy.

Orcel arrived at UniCredit in 2021 vowing to use M&A to speed up growth.

He last year moved on Commerzbank and smaller domestic peer Banco BPM , sparking angry reactions in Berlin and Rome .

UniCredit has challenged in court the conditions Italy has set for the BPM bid.

VR Score

89

Informative language

94

Neutral language

78

Article tone

semi-formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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