Finance
EU deadline on UniCredit, Banco BPM deal extended after national request
Published by Global Banking & Finance Review®
Posted on May 19, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 19, 2025
1 min readLast updated: January 23, 2026
EU regulators have extended the deadline for UniCredit's acquisition of Banco BPM after a national request. The decision is now due by June 19.
BRUSSELS (Reuters) -EU antitrust regulators have extended their decision deadline on Italian bank UniCredit's takeover bid for its smaller rival Banco BPM after a national watchdog asked to take over the review, a European Commission filing showed.
The EU competition enforcer's website showed a national agency had submitted a request on May 14 but did not name the country. It said it was now assessing the request.
The Commission, which had originally set a June 4 deadline for its decision, will now decide by June 19 whether to clear the deal, with or without conditions, open a full-scale investigation or hand it over to the national regulator.
The Italian competition regulator declined to comment. The Italian government has imposed conditions on the deal via its "golden power" law.
(Reporting by Foo Yun CheeEditing by Tomasz Janowski)
The main topic is the EU's extension of the decision deadline for UniCredit's takeover of Banco BPM after a national watchdog's request.
The deadline was extended because a national watchdog requested to take over the review process.
The 'golden power' law allows the Italian government to impose conditions on certain deals to protect national interests.
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