US EditionUniCredit pauses Banco BPM offer over Italian government conditions
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UniCredit pauses Banco BPM offer over Italian government conditions
UniCredit has announced it is unable to proceed with a definitive decision regarding its public exchange offer for Banco BPM, following conditions imposed by the Italian government. The bank received a decree from the Presidency of the Council of Ministries, detailing the constraints under the Golden Power process for the takeover to proceed. The conditions relate to future operations of the merged entity, including credit activity, liquidity ma…
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