Tar Rejects Banco Bpm Appeal on Suspension of UniCredit Takeover Bid

Published on 06/12/2025 at 04:23 - Modified on 06/12/2025 at 06:52

Reuters - Translated by Marketscreener - See original

UniCredit S.p.A.

+0.19%

Banco BPM S.p.A.

+0.24%

Tar Rejects Banco Bpm Appeal on Suspension of UniCredit Takeover Bid

The Lazio Regional Administrative Court (Tar) has rejected the appeal filed by Banco Bpm against Consob's decision to suspend the takeover bid launched by UniCredit for the bank.

This is according to information published on the Tar's official website.

The stock market regulator granted UniCredit a one-month suspension of its exchange offer for Banco Bpm, extending the deadline to July 23 from the previous date of June 23. This extension follows the Italian government's imposition of certain conditions, under its 'Golden Power' authority, as prerequisites for approving the deal.

UniCredit has challenged these government-imposed conditions in court, with a hearing scheduled for July 9.

(Reporting by Stefano Bernabei; editing by Sabina Suzzi)

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