UniCredit Says BPM Decision In Limbo Over Government Conditions
UniCredit SpA said it can't take a final decision on its proposed takeover of Banco BPM SpA, after Italy's government imposed conditions on the deal.
UniCredit said in a statement on Tuesday that it has responded to Italian authorities, after Rome issued the conditions under the so-called 'Golden Power' rules for transactions involving strategic assets. Until it hears back, the lender said it's 'not in a position to take any conclusive decision on the way forward' for the bid.
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