US Edition16 Articles
16 Articles
UniCredit is authorised to take over the Italian bank Banco BPM. The company has to sell 209 branches in order to secure competition in Italy.
Rejected the request of the Italian guarantor Authority to postpone the concentration to its evaluation. According to the Commission the transaction, as modified by the commitments, will not raise any more concerns in the matter of competition. Castagna (Banco Bpm): "The cession will have repercussions on services and employment"
Andrea Orcel's bank has committed to divest 209 branches located in problematic overlap areas. According to the European authorities, this bank has been...
Point in favour of Unicredit in the game for the conquest of Banco Bpm, acquisition opposed by the government. L'antitrust EU approved the transaction, subject to full compliance with the commitments entered into. In particular, Unicredit has committed itself to divest 209 branches (and about ten billion deposits, ed.) and for the EU the commitment fully resolves the concerns related to competition. According to the Commission, the operation, as…
“The transaction, modified by the commitments, will no longer raise competition concerns.” Rejected of Italy's request to postpone the merger to its assessment
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