Italy court rejects Banco BPM's appeal against UniCredit bid suspension
Italy court rejects Banco BPM's appeal against UniCredit bid suspension
Published by Global Banking and Finance Review
Posted on June 12, 2025

Published by Global Banking and Finance Review
Posted on June 12, 2025

ROME (Reuters) -An Italian court on Thursday rejected an appeal by Banco BPM which had challenged the suspension of a takeover offer it faces by rival UniCredit, the court's website showed.
UniCredit secured a one-month suspension of its offer for BPM by the country's markets regulator after the bid ran into difficulties due to government-set conditions.
BPM had sought to have the suspension scrapped, saying it limited the bank's decision-making abilities and damaged its shareholders.
(Reporting by Valentina Za, editing by Gavin Jones)
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