(ANSA) – ROME, MAY 21 – CONSOB has suspended UniCredit’s all-share takeover bid for Banco Bpm for 30 days, the bourse regulator aid Wednesday.
UniCredit, Italy’s second biggest bank, launched a hostile bid for BPM, the third biggest, some months ago.
It recently blasted the conditions the government has put on approval for the bid.
The government has set conditions regarding the phasing out of UniCredit’s activities in Russia, loan-to-deposit ratios, and investments in Anima Holding, a fund manager recently acquired by BPM. (ANSA).
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UniCredit, Italy’s second biggest bank, launched a hostile bid for BPM, the third biggest, some months ago.
It recently blasted the conditions the government has put on approval for the bid.
The government has set conditions regarding the phasing out of UniCredit’s activities in Russia, loan-to-deposit ratios, and investments in Anima Holding, a fund manager recently acquired by BPM. (ANSA).
Read article…
