Brief: UniCredit Says It Replied To Italy's Government On Golden Power Prescriptions About Its Bid For Banco BPM, Waiting Feedback

Anima Holding SpA

22/04/2025 07:53

April 22 (Reuters) - Banco BPM SpA BAMI.MI:

RECEIVED ON APRIL 18 DECREE FROM ITALY'S AUTHORITIES REGARDING APPROVAL FOR BID FOR BANCO BPM WHICH INCLUDES NUMBERS OF PRESCRIPTIONS

DECREE CONCERNS LIMITS TO HOW BANK WILL RUN FUTURE CREDIT ACTIVITIES, LIQUIDITY, DISPOSE SHAREHOLDINGS, MANAGE ANIMA'S ASSETS, ITS ACTIVITIES IN RUSSIA

CLEARLY INTENDS TO MAINTAIN OR GROW EXPOSURE ON SMALL AND MEDIUM ENTERPRISES

COMMITTED TO KEEP REDUCING ITS PRESENCE IN RUSSIA

REPLIED TO GOVERNMENT ON GOLDEN POWER PRESCRIPTIONS, WAITING FEEDBACK

DEAL CONDITIONS ARE OPEN TO DIFFERENT INTERPRETATIONS AND COULD APPEAR NOT FULLY ALIGNED WITH ITALIAN, EU LAWS

PRESCRIPTIONS IMPOSED COULD HARM ITS FULL FREEDOM AND ABILITY TO TAKE FUTURE PRUDENT DECISION

NOT IN POSITION TO TAKE ANY CONCLUSIVE DECISION ON THE WAY FORWARD REGARDING ITS BID FOR BANCO BPM

GOLDEN POWER USE NOT CLEAR, BUT NOT ON SIMILAR TRANSACTIONS UNDERWAY

Source text: [ID:]

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 (Gdansk Newsroom)

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