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Euronews
Euronews
Hannah Brown

UniCredit Banco BPM merger battle deepens as Brussels warns Italy against unlawful interference

UniCredit Banco BPM Italy Commission European Union European Commission Rome

The European Commission has issued Italy with a warning after an investigation found the government decree over UniCredit’s takeover of Banco BPM may breach EU laws.

The Commission warned Italy on Monday that obligations placed on the merger “may constitute a breach of Article 21 of the EU Merger Regulation (EMUR) and of other provisions of EU law”, according to an official statement.

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