Italy Clears UniCredit Takeover Bid on Banco BPM With Conditions
By , Alessandra Migliaccio, and Alberto Brambilla
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The Italian government will allow UniCredit SpA 's takeover bid for Banco BPM SpA to go ahead with some conditions, people familiar with the matter said.
Following an in-depth review, Prime Minister Giorgia Meloni's cabinet decided Friday not to use its veto powers on the €13 billion ($14.8 billion) acquisition provided UniCredit complies with specific prescriptions, the people said without disclosing additional details.
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