UniCredit Gets 30-Day Suspension by Regulator on Banco BPM Bid
Italy 's market regulator Consob suspended UniCredit SpA 's takeover bid for Banco BPM SpA for 30 days while the lender is in talks with the government to clarify conditions imposed on the deal.
Consob stated that the process undertaken by UniCredit leads to uncertainties that may affect investors' ability to make a decision over the deal, according to a statement on its website. The regulator suspended the offer in order to clarify the situation and update the offer document.
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