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UNCFF

UniCredit

$2.42

0.1 (4.31%)

06:04
10/19/16
10/19
06:04
10/19/16
06:04

Amundi confirms interest in UniCredit's Pioneer, denies EUR4B valuation

Following rumors in the Italian newspaper Il Messaggero, concerning the submission of a non binding offer for the purchase of UniCredit's Pioneer by Amundi, Amundi wishes to clarify the following points: Amundi confirms its interest in Pioneer, consistently with the growth strategy presented at the time of its IPO. Amundi denies however the Pioneer valuation levels attributed to it. Amundi re-iterates that its acquisition policy adheres to strict financial criteria, in particular, a return on investment greater than 10% over a three-year horizon.

UNCFF UniCredit
$2.42

0.1 (4.31%)

06/09/16
MSCO
06/09/16
DOWNGRADE
MSCO
Equal Weight
UniCredit downgraded to Equal Weight from Overweight at Morgan Stanley
07/05/16
GSCO
07/05/16
UPGRADE
GSCO
Buy
UniCredit upgraded to Buy from Neutral at Goldman
07/20/16
FBCO
07/20/16
INITIATION
FBCO
Neutral
UniCredit initiated with a Neutral at Credit Suisse
Price target EUR 2.28.
08/09/16
JPMS
08/09/16
UPGRADE
JPMS
Neutral
UniCredit upgraded to Neutral from Underweight at JPMorgan

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