Banco BPM Is Said to Challenge Regulator’s Delay of UniCredit Takeover Bid

Banco BPM is said to challenge regulator’s delay of UniCredit takeover bid

Banco BPM Appeals Italy Regulator’s Delay of UniCredit Bid

Banco BPM SpA is seeking to block Italy’s market regulator from delaying a proposed takeover of the bank by UniCredit SpA, as part of an escalating legal battle over the deal.

UniCredit challenges Banco BPM deal terms

UniCredit has initiated legal proceedings against the Italian government's conditions tied to its proposed acquisition of Banco BPM.

The Tar del Lazio will discuss on June 10 the appeal presented yesterday by Banco Bpm to obtain the suspension of the Consob resolution that frozen for 30 days the offer of Unicredit on the institute of Piazza Meda. The hearing, learned from sources close to the bank, was fixed in the first useful chamber of council after Banco Bpm, in order to represent the utmost urgency, lodged an appeal to the monocratic judge who was rejected. The recourse …