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UniCredit

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Italy's MPS commits to disposals as it works to secure investors

* EU publishes decision over new deadline, turnaround goals * MPS says plan progressing on schedule * Aims to clinch deal with cash call investors this week-sources By Valentina Za and Giuseppe Fonte MILAN, Oct 3 (Reuters) - New restructuring commitments agreed by Italy and the European Union over state-owned bank Monte dei Paschi di Siena (MPS) BMPS.MI include disposals worth up to 400 million euros ($391 million), a document showed on Monday.
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UniCredit CEO says firms, families are adjusting, sees recovery at end-2023

MILAN, Sept 28 (Reuters) - Italian households and businesses are adjusting to the current economic challenges and this will help the economy recover towards the end of next year after what UniCredit CRDI.MI expects to be a mild recession, CEO Andrea Orcel said. Speaking at the UILCA union national congress, Orcel said the extent of the pessimism of international investors towards Italy was unwarranted.
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UniCredit kicks off second buyback for up to 1 bln euros

MILAN, Sept 21 (Reuters) - Italy's UniCredit CRDI.MI said on Wednesday it was kicking off its second share buyback this year, for up to 1 billion euros ($990 million), which it expects to conclude by the end of November. Italy's second-biggest bank has hired BNP Paribas to carry out the purchases of up to 200 million shares, or 9.89% of the bank's capital at present, which will be cancelled.
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UniCredit focused on "internal delivery", open to M&A in all its markets

ROME, Sept 21 (Reuters) - UniCredit CRDI.MI is focused on delivering targets set under its business plan, though it remains ready to seize M&A opportunities in all the markets where it operates, CEO Andrea Orcel said on Wednesday. Speaking at an event in Rome, Orcel sought to clarify comments that appeared on Tuesday in German newspaper Handelsblatt about growing UniCredit's market share in Germany, including possibly through mergers and acquisitions.
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UniCredit kicks off second buyback for up to 1 bln euros

MILAN, Sept 21 (Reuters) - Italy's second-biggest bank UniCredit CRDI.MI said on Wednesday it was kicking off its second share buyback this year, for up to 1 billion euros ($990 million), which it expects to conclude by the end of November. It has hired BNP Paribas to carry out the purchases of up to 200 million shares, or 9.89% of the bank's capital at present, which will be cancelled.
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