Rome, April 18, 2025 (AFP) - Italy to set conditions on UniCredit's Banco BPM takeover

NAMPA / AFP

2025-04-18

Italy's cabinet will exercise its so-called "golden powers" to set special conditions on UniCredit's takeover bid for its smaller rival Banco BPM, the government said on Friday in a statement. UniCredit, Italy's second-largest bank, plans to launch its buyout offer for Banco BPM on April 28, following the approval of the European Central Bank and Italy's market watchdog. Italy's golden powers provision allows the government to set certain condit......

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