UniCredit S.p.A.

UCG

IT0005239360

Banks

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71.16 ^EUR	+1.50%		71.42	+0.37%

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Consob Evaluates Suspension of UniCredit's Offer for Banco BPM

Published on 07/18/2025 at 05:27 am BST

Alliance News - Translated by Marketscreener - See original

UNICREDIT S.P.A.

+1.50%

BANCO BPM S.P.A.

+0.42%

(Alliance News) - UniCredit is seeking an extension for its offer to acquire Banco BPM, according to a report published by Il Corriere della Sera on Friday.

Andrea Orcel's legal team is working closely with Consob, the Italian financial markets regulator, to determine whether the conditions exist for a second suspension, as outlined in Article 102 of the TUF. Commission President Paolo Savona told the Senate that legal analyses are underway, although at present there appears to be little room for maneuver, the newspaper continues.

The crux of the matter concerns the complex interplay between the Golden Power regulations, decisions by the TAR (Regional Administrative Court), and preliminary opinions from the European Commission. Savona has called for an institutional roundtable to clarify the boundaries between national and European law.

The initial suspension was decided in May following the enactment of the Golden Power decree. The purported "new development" is a preliminary letter from Brussels, which may not carry the same weight. The government has until August 11 to respond, Il Corriere adds.

UniCredit's offer is set to expire on Wednesday: any decisions by Consob must be made before then. A new suspension--up to a maximum of 30 days--would push the deadline into September, thereby extending the passivity rule on Banco BPM.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Approximate price	Change	5d. change	Capi.
	UNICREDIT S.P.A.	71.16EUR	+1.50%	+0.31%	123B
	BANCO BPM S.P.A.	13.19EUR	+0.42%	+3.21%	23.18B

Latest news about UniCredit S.p.A.

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Chart UniCredit S.p.A.

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Company Profile

UniCredit S.p.A. is one of the leading European banking groups. Income breaks down by activity as follows: - retail banking (48.6%); - corporate, investment, finance and market banking (47.2%): leasing, factoring, stock transactions, participation in the rate, exchange, stock and derivative markets, stock exchange intermediation, etc.; - other (4.2%). At the end of 2025, the group managed EUR 535.4 billion in deposits and EUR 433.5 billion in loans. Products and services are marketed through a network of 3,075 branches located primarily in Italy (1,941). Revenue (including intragroup) is distributed geographically as follows: Italy (44.1%), Germany (21.9%), Central and Eastern Europe (19%), Austria (10.5%) and Russia (4.5%).

Employees

67,458

Sector

Banks

Calendar

Earnings release - Q2 2026

More about the company