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Banco BPM says it will appeal against suspension of UniCredit bid

Published by Global Banking and Finance Review

Posted on May 23, 2025

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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)

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