Bank Unicredit, also known as UniCredito, is a bank that operates over Europe in 19 countries. Throught the years of its activity UniCredito has won a good reputation and finance magazine Euromoney awarded UniCredit group with Best Bank in Western Europe 2007 tilte.
On May the 20th, 2007 UniCredit announced of merger with Capitalia with a market capitalisation of about €100bn. That will strengthen bank positions and makes it the second largest bank in Europe. The new bank is more than 100bn Euro worth.Now UniCredit’s shares are trading at €6.14, making the share offer worth less than the cash alternative. The “Unicredit” corporate identity will remain in banks located in Northern Italy and abroad, while it will be replaced by Banca di Roma in the rest of mainland Italy and Sardinia, and by Banco di Sicilia in Sicily (after the two Capitalia banks that are already prevalent in those regions).
