Orcel's Dealmaking Ambitions for UniCredit Hit Political Reality
UniCredit said on Tuesday that it is shelving its offer — at least for now — to buy smaller Italian rival Banco BPM SpA, after eight months of clashes with Giorgia Meloni's administration. The announcement was welcomed in Rome, as the government has sought to keep Banco BPM independent by imposing requirements on the deal that made it de facto impossible.
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