UniCredit's Banco BPM bid gets clearance from EU Commission
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UniCredit's Banco BPM bid gets clearance from EU Commission
UniCredit has announced that the European Commission will not initiate an in-depth investigation into its proposed acquisition of Banco BPM. The deal, under preliminary review by the Commission, has been authorised after the end of scrutiny. The clearance from the European Commission comes after UniCredit disclosed in April that it was facing challenges in moving forward with a definitive decision on its public exchange offer for Banco BPM. …
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