# UniCredit focused on “internal delivery”, open to M&A in all its markets Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-09-21 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: UniCredit CEO Andrea Orcel on M&A Expansion Plans Meta Description: UniCredit CEO Andrea Orcel is focused on delivering targets while remaining open to M&A opportunities to accelerate growth in all markets. URL: https://financedigest.com/unicredit-focused-on-internal-delivery-open-to-ma-in-all-its-marketshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2022-09-21t143613z4lynxmpei8k0lzrtroptp4unicredit-buyback-ecb-1736815179938-compressed.jpg) ROME (Reuters) – UniCredit 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. Orcel said he had not deviated from his standard message that M&A can provide a way to accelerate growth in all the markets where UniCredit is present if opportunities arise “at the right conditions.” Orcel has previously said he would consider deals that strengthened UniCredit’s franchise, increased [returns for investors](https://www.financedigest.com/certainty-in-an-uncertain-world-post-brexit-investors-turn-to-commercial-property-and-fixed-returns.html "Certainty in an uncertain world – post-Brexit investors turn to commercial property and fixed returns") without endangering the bank’s remuneration goals. We’re a lot more [focused on internal](https://www.financedigest.com/broadridge-enhances-focus-on-global-growth-creates-broadridge-international-to-accelerate-next-wave-of-growth-in-emea-and-asia-pacific.html "Broadridge Enhances Focus on Global Growth, Creates Broadridge International to Accelerate Next Wave of Growth in EMEA and Asia Pacific") delivery,” he said. “When I took this job, UniCredit’s stance was ‘no M&A’ while I said that at the right conditions M&A can be an accelerator. This, together with the fact that I’ve done my fair [share of M&A deals](https://www.financedigest.com/u-s-mid-tier-lenders-shares-rise-in-frankfurt-after-svb-deal.html "U.S. mid-tier lenders shares rise in Frankfurt after SVB deal") in the past, made everyone think we would do deals, that a financial tsunami was on the cards. Orcel, one of Europe’s most experienced [investment](https://www.financedigest.com/credit-agricole-launches-china-ma-and-investment-banking-business.html "Credit Agricole launches China M&A and investment banking business") bankers, joined UniCredit in April last year after two decades at Merrill Lynch Bank of America which he left in 2012 to head the investment banking arm of UBS. (Reporting by Giuseppe Fonte; writing by Valentina Za; editing by Keith Weir) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---