Unipol receives BPER approval while Unipol stock costs EUR 25.36

Published on 10/21/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Capital raise totals EUR 2.50 billion after October 16 approval. Unipol stock costs EUR 25.36 versus its EUR 20.56 offer price.

BPER control and interim results

Unipol received authorization to control more than 20 percent of BPER on October 16, 2026.
Second-quarter 2026 revenue reached EUR 7.84 billion and net income totaled EUR 883.0 million.
Unipol stock trades at EUR 25.36 at 10:33 a.m. CEST at Lang & Schwarz on October 21, 2026.

Aquarellmalerei der Skyline von Bologna mit charakteristischen Türmen — Aquarellansicht von Bologna repräsentiert den Firmensitz von Unipol Gruppo S.p.A. IT0004810054 an der Börse, Illustration mit AI erstellt.

Unipol (ISIN IT0004810054) was trading at EUR 25.36 at Lang & Schwarz on October 21, 2026, while the insurer moved ahead with a BPER control plan. Unipol listed receipt of authorization for the acquisition of de facto control over BPER Banca on October 16, 2026.

Control plan reaches a key gate

The approval follows a capital increase designed to support Unipol's wider banking strategy. The insurer set the maximum transaction size at EUR 2.50 billion and the subscription price at EUR 20.56 per new share, according to Teleborsa on October 8, 2026.

The offer covers a maximum of 121,582,320 new shares, with 10 new shares offered for every 59 already held. The current Lang & Schwarz price is 23.35 percent above the EUR 20.56 subscription price, putting the market quotation above the transaction's offer level.

What does the approval change?

The authorization allows Unipol to move beyond a 20 percent stake in BPER, according to Finanztrends on October 14, 2026. The planned transaction is linked to the potential acquisition of about 635 branches from Banca Monte dei Paschi di Siena and the subsequent transfer of the branch network to BPER.

Unipol's latest reported figures provide the operating backdrop. In the second quarter of 2026, revenue was EUR 7.84 billion and net income was EUR 883.0 million. Total assets stood at EUR 93.18 billion at June 30, 2026, while shareholders' equity was EUR 11.50 billion.

Three steps shaped the plan

On October 8, 2026, Unipol approved the EUR 2.50 billion capital increase. On October 12, 2026, the rights offer opened with a 10-for-59 ratio. On October 16, 2026, the company received authorization for de facto control over BPER above the 20 percent threshold.

Dates investors can track

The rights exercise period runs through October 26, 2026, according to the offer timetable reported by Teleborsa. The October 26 deadline is the next dated milestone tied to the capital increase.

Price holds above the offer level

For investors, the key comparison is between the EUR 25.36 Lang & Schwarz quotation and the EUR 20.56 subscription price. Unipol's market capitalization was EUR 21.3 billion as of October 21, 2026, and its primary listing is on Borsa Italiana under ticker UNI.

Unipol was trading at EUR 25.36 at Lang & Schwarz on October 21, 2026 at 10:33 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Unipol stock.