3 days ago
UniCredit to Take ‘Timely' Steps on BPM After Court Decision
UniCredit SpA said it will assess the next steps on its takeover plan for Banco BPM SpA amid doubts over whether the deal will go ahead following a ruling by an Italian court over government requirements imposed on the transaction.
UniCredit welcomed the decision as 'unequivocal proof that the way in which Golden Power was illegitimate,' the bank said in a statement Sunday, referring the process that allows authorities to block or impose conditions on transactions involving strategic assets. 'UniCredit will now evaluate all relevant steps in a timely manner,' it added.
