Unicredit: “Impossible a final decision on BancoBPM” | EUROtoday

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Unicredit takes a place after the federal government’s determination to train the Golden Poewr concerning the OPS launched on BancoBPM. In a word, the Baca states that “it is not able to make any final decision on the path to be followed on the offer” Banco Bpm Banco following the go -ahead conditioned by the federal government that exercised the ‘Golden Power’.

The group emphasizes that “beyond the law provided in general to ask the authority to reconsider the decision issued, the decree expressly contemplates the possibility for Unicredit to immediately report to the authority if it was not possible to implement – in whole or in part – the prescriptions”.

“Unicredit – reads again – has therefore promptly responded to the authority by expressing its point of view on the decree and is waiting for a response”.

“Impossible healthy management”

The prescriptions imposed from Palazzo Chigi to Unicredit concerning OPS on Banco BPM “could damage his full freedom and ability to adopt decisions compliant with the principles of healthy and prudent management in the future”. This was acknowledged by the financial institution in response to which the federal government’s prescriptions might “even lead to unwanted results, for example the imposition of sanctions to Unicredit due to the alleged failure to comply with any of the requirements”.

“The use of special powers in a domestic operation between two Italian banks is not common – underlines Unicredit – and it is not clear why it was invoked in relation to this specific operation, but not for the other similar operations currently currently underway on the Italian market”.