Finance
Italy court to publish ruling on Banco BPM's bid freezing appeal in 1-2 days
Published by Global Banking & Finance Review®
Posted on June 10, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 10, 2025
1 min readLast updated: January 23, 2026
An Italian court will soon announce its decision on Banco BPM's appeal against UniCredit's bid suspension, with a ruling expected in 1-2 days.
ROME (Reuters) -An Italian court on Tuesday gathered to discuss an appeal by takeover target Banco BPM against a regulatory suspension of the bid launched in April by suitor UniCredit.
The decision is expected to be taken in the coming hours, but it will be made public in one or two days, a court official told Reuters.
Italy's markets regulator has granted UniCredit a one-month suspension of the offer for BPM, which is now due to end on July 23, instead of June 23, after the government imposed a set of conditions to clear it which UniCredit says cannot be met.
UniCredit has challenged the conditions in court and a hearing is scheduled on July 9. It is also engaged in discussions with government officials in charge of 'golden powers' which allow Italy to vet deals in the banking sector on grounds of national security.
(Reporting by Paolo Chiriatti; Writing by Valentina Za; editing by Cristina Carlevaro)
Banco BPM is appealing against a regulatory suspension of the bid launched by UniCredit.
The ruling is expected to be made public in one or two days.
Italy's markets regulator granted UniCredit a one-month suspension of the offer for BPM due to government-imposed conditions.
UniCredit has challenged the conditions in court and is also in discussions with government officials regarding 'golden powers'.
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