Reported 2 days ago
Italy is set to formally review UniCredit's unsolicited bid for Banco BPM under its 'Golden Power' regulations, which could impose conditions on the deal to safeguard Banco BPM's branches and jobs. This process follows Banco BPM's call for protections against UniCredit's takeover attempt, which has sparked differing opinions among government ministers. The bid, valued at approximately €10.1 billion, complicates Prime Minister Giorgia Meloni's vision for a stronger Italian banking sector.
Source: YAHOO