US EditionEU Warns Italy over Meddling in UniCredit’s Banco BPM Takeover
ITALY, JUL 14 – The European Commission argues Italy's 'Golden Powers' restrictions on UniCredit's Banco BPM takeover may breach EU merger rules and free movement of capital, prompting official responses.
- The European Commission warned Italy on July 15, 2025, over its use of Golden Powers to restrict UniCredit’s €10 billion takeover of Banco BPM.
- The Commission challenged Italy for allegedly violating Article 21 of EU Merger Regulation by imposing national conditions without proper notification or justification.
- Italy’s government defended the restrictions as legally justified and confirmed legitimacy, while UniCredit contested the Golden Powers as illegitimate in local courts.
- The administrative court on Saturday struck down some government requirements, and the takeover offer period expired on July 23, 2025.
- This dispute may escalate to the EU Court of Justice, intensifying a legal struggle between Brussels and Rome and complicating consolidation in Italy’s banking sector.
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A letter from the European Commission disassembles one for one reason by which the government contests the purchase of Banco BPM
·Italy
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Lettere dell'Europa: "The constraints on the Bpm offer could violate the norms" . Salvini: "They deal with serious things instead of breaking the boxes" . Palazzo Chigi: "We will respond to the required clarifications" . Game more and more political. Possible infringement procedure.L'ad Mediobanca, Alberto Nagel, comments the Mps Ops: "Operation not standard for many anomalies such as the role of the executive" .The special contains two articles.
Coverage Details
Total News Sources20
Leaning Left6Leaning Right3Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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