(Alliance News) - UniCredit Spa is preparing for a 2025 full of news, with a focus on M&A and reorganization of business alliances.
As Milano Finanza writes Friday, the Andrea Orcel-led bank is expected to formalize an agreement with Prelios shortly to manage impaired loans, replacing doValue Spa, whose contract expires mid-year.
Prelios, part of Andrea Pignataro's ION Group, will manage a stock of nonperforming loans between EUR800 million and EUR1 billion.
The new alliance, the result of months of work, marks a strategic change from the past and is part of the review of partnerships initiated by Orcel to align them with the business plan.
In parallel, UniCredit is reorganizing other key activities. After the internalization of life bancassurance in Italy, the focus is shifting to asset management. In 2027, the agreement with Amundi, a legacy of the sale of Pioneer sought by Jean Pierre Mustier in 2016, will expire.
Orcel is considering options for renewal or early termination of the contract, with possible implications for the OPS on Banco BPM Spa and negotiations with Crédit Agricole SA.
The government is closely monitoring the situation, especially for possible effects on Anima Holding Spa and Italian government debt.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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