UniCredit's $10 Billion-Plus Bid for Banco BPM Gets EU Clearance
UniCredit UCG -1.21%decrease; red down pointing triangle said the European Union wouldn't launch an in-depth investigation into its $10 billion-plus bid for Banco BPM BAMI -0.29%decrease; red down pointing triangle, effectively clearing the deal to take over its smaller rival.
The Italian bank said the European Commission, the EU's executive arm, shared its decision in a letter informing the lender that it was closing a preliminary review into the bid, which will be authorized as of the end of Wednesday.
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Short Message Service Firewall Strategic Business Report 2025: Market to Grow by $1.5 Billion by 2030 - Demand for SMS Firewalls Surges in High Mobile Penetration Markets
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