UniCredit Withdraws $17 Billion Bid for Banco BPM Amid Regulatory Uncertainty
A decision had been announced by UniCredit, Italy’s second-largest bank, to officially withdraw its €14.6 billion (approximately $17 billion) all-share offer for Banco BPM. The announcement was made on a Tuesday, bringing to an end a contentious takeover effort that had been disrupted by state-imposed regulatory hurdles and legal challenges. The proposed acquisition had been […]