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    Home > Headlines > Banco BPM says it will appeal against suspension of UniCredit bid
    Headlines

    Banco BPM says it will appeal against suspension of UniCredit bid

    Published by Global Banking & Finance Review®

    Posted on May 23, 2025

    1 min read

    Last updated: January 23, 2026

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    Tags:financial communitycorporate governance

    Quick Summary

    Banco BPM plans to appeal Consob's suspension of UniCredit's takeover bid, which is impacting M&A activities in Italy's banking sector.

    Banco BPM to Challenge Consob's Suspension of UniCredit Takeover Bid

    ROME (Reuters) - The Chief Executive of Banco BPM said on Friday the bank will appeal to an administrative court against a decision by bourse regulator Consob to suspend a takeover bid by Unicredit.

    Giuseppe Castagna told daily Il Sole 24 Ore that the current stalemate was preventing Banco BPM from taking part in the intense M&A activity underway in Italy's banking sector.

    (Reporting By Gavin Jones, editing by Alvise Armellini)

    Key Takeaways

    • •Banco BPM will appeal Consob's decision.
    • •The suspension affects M&A activities in Italy.
    • •Giuseppe Castagna is the CEO of Banco BPM.
    • •UniCredit's takeover bid is currently stalled.
    • •The appeal will be made to an administrative court.

    Frequently Asked Questions about Banco BPM says it will appeal against suspension of UniCredit bid

    1What decision is Banco BPM appealing against?

    Banco BPM is appealing against a decision by bourse regulator Consob to suspend a takeover bid by UniCredit.

    2Who is the CEO of Banco BPM?

    The CEO of Banco BPM is Giuseppe Castagna.

    3What is the current situation regarding Banco BPM's participation in M&A?

    Giuseppe Castagna stated that the current stalemate is preventing Banco BPM from participating in the intense M&A activity underway in Italy's banking sector.

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