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)