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European Commission tells Italy that imposing conditions on UniCredit/BPM bid could breach EU law

European Commission tells Italy that imposing conditions on UniCredit/BPM bid could breach EU law

Reuters9 hours ago
BRUSSELS, July 14 (Reuters) - The European Commission has told Italy that imposing certain conditions on UniCredit's (CRDI.MI), opens new tab planned bid for Banco BPM (BAMI.MI), opens new tab could breach EU law, it said in a statement on Monday.
In a letter sent to Rome setting out its preliminary view, the European Commission said that a decree issued by the Italian Prime Minister's Office on April 18 imposing certain obligations on the merged entity may constitute a breach of EU merger regulations and other provisions of EU law.
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