Reported 2 days ago
UniCredit has received clearance from the European Commission for its proposed acquisition of Banco BPM, meaning no further in-depth investigation will occur. This approval follows earlier hurdles related to the Italian government's conditions under the Golden Power process. Despite this progress, UniCredit cannot finalize the takeover until these government-imposed constraints are resolved, as they could impact its operational freedom and compliance with both Italian and EU regulations.
Source: YAHOO