Unipol to Cut Bper Banca Stake to Avoid Mandatory Takeover Bid

01:08 AM EDT, 10/26/2026 (MT Newswires) -- Unipol Assicurazioni (UNI.MI) plans to reduce its exposure to Bper Banca (BPE.MI) to below 30% within 12 months to avoid triggering a mandatory takeover offer. The Italian insurer's stake in Bper exceeded the 30% threshold following the bank's share buyback program, according to an Oct. 23 release. Unipol intends to sell sufficient shares to unrelated third parties to bring its exposure below the threshold. It also committed not to exercise voting rights above 30% during the period.