Italy’s Banco BPM has no information about potential UniCredit bid – source

MILAN – Italy’s Banco BPM has not received any information about a possible bid from bigger rival UniCredit, a source close to the bank said on Friday.

Shares in Banco BPM climbed on Friday after renewed speculation that larger Italian rival UniCredit CRDI.MI could launch a takeover bid for the lender.

(Reporting by Gianluca Semeraro; editing by Agnieszka Flak)