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Unicredit failed to acquire Banco BPM in a €15bn deal.
Synopsis
UniCredit, an Italian multinational banking group, failed to acquire Banco BPM, an Italian bank, for €15bn. “My primary responsibility is to act in the best interests of UniCredit and our shareholders. The continued uncertainty around the application of the Golden Power prescriptions do not benefit either. We have therefore made the decision to withdraw our offer.” Andrea Orcel, UniCredit CEO.
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