GBAF Logo
Headlines

Banco BPM says it will appeal against suspension of UniCredit bid

Published by Global Banking & Finance Review

Posted on May 23, 2025

1 min read

· Last updated: January 23, 2026

Add as preferred source on Google
Russian military advance in eastern Ukraine ahead of Trump-Putin summit - Global Banking & Finance Review
Image depicting the recent Russian military advance into eastern Ukraine near Dobropillia, highlighting the escalating tensions ahead of the Trump-Putin summit. This event is pivotal in the ongoing conflict and impacts geopolitical discussions.
financial community corporate governance
Global Banking & Finance Awards 2026 — Call for Entries

ROME (Reuters) - The Chief Executive of Banco BPM said on Friday the bank will appeal to an administrative court against a decision by bourse regulator Consob to suspend a takeover bid by Unicredit.

Banco BPM to Challenge Consob's Suspension of UniCredit Takeover Bid

ROME (Reuters) - The Chief Executive of Banco BPM said on Friday the bank will appeal to an administrative court against a decision by bourse regulator Consob to suspend a takeover bid by Unicredit.

Giuseppe Castagna told daily Il Sole 24 Ore that the current stalemate was preventing Banco BPM from taking part in the intense M&A activity underway in Italy's banking sector.

(Reporting By Gavin Jones, editing by Alvise Armellini)

Key Takeaways

  • Banco BPM will appeal Consob's decision.
  • The suspension affects M&A activities in Italy.
  • Giuseppe Castagna is the CEO of Banco BPM.
  • UniCredit's takeover bid is currently stalled.
  • The appeal will be made to an administrative court.

Frequently Asked Questions

What decision is Banco BPM appealing against?
Banco BPM is appealing against a decision by bourse regulator Consob to suspend a takeover bid by UniCredit.
Who is the CEO of Banco BPM?
The CEO of Banco BPM is Giuseppe Castagna.
What is the current situation regarding Banco BPM's participation in M&A?
Giuseppe Castagna stated that the current stalemate is preventing Banco BPM from participating in the intense M&A activity underway in Italy's banking sector.

Tags

Related Articles

Image for Buckingham Palace says King Charles' trip to the US to go ahead

Buckingham Palace says King Charles' trip to the US to go ahead

Image for Italy to extradite suspected Chinese hacker wanted by US authorities, says source

Italy to extradite suspected Chinese hacker wanted by US authorities, says source

Image for Soccer-Chelsea reach FA Cup final with 1-0 win over Leeds

Soccer-Chelsea reach FA Cup final with 1-0 win over Leeds

Image for Netanyahu's biggest rivals join forces for Israel's next election

Netanyahu's biggest rivals join forces for Israel's next election

Image for Israel issues evacuation warning for seven Lebanese towns beyond 'buffer zone'

Israel issues evacuation warning for seven Lebanese towns beyond 'buffer zone'

Image for Athletics-Kenya's Sawe shatters elusive two-hour marathon barrier to win in London

Athletics-Kenya's Sawe shatters elusive two-hour marathon barrier to win in London

More from Headlines

Explore more articles in the Headlines category

Image for UK's Starmer and Trump discuss 'urgent need' to restore shipping in Strait of Hormuz
UK's Starmer and Trump discuss 'urgent need' to restore shipping in Strait of Hormuz
Image for Pope Leo says those who wage war are thieves stealing away our peaceful future
Pope Leo says those who wage war are thieves stealing away our peaceful future
Image for King Charles relieved Trump and first lady unharmed after shooting
King Charles relieved Trump and first lady unharmed after shooting
Image for Northern Ireland police investigate car explosion as attempted murder
Northern Ireland police investigate car explosion as attempted murder
Image for UK says cooperating closely with US on security ahead of King Charles' visit
UK says cooperating closely with US on security ahead of King Charles' visit
Image for Israeli attacks kill at least four Palestinians in Gaza, medics say
Israeli attacks kill at least four Palestinians in Gaza, medics say
Image for Six passengers injured evacuating from Swiss Air flight in India, Economic Times says
Six passengers injured evacuating from Swiss Air flight in India, Economic Times says
Image for Trump removed from White House correspondents dinner as attendees take cover
Trump removed from White House correspondents dinner as attendees take cover
Image for Car explodes outside police station in Northern Ireland, Belfast Telegraph reports
Car explodes outside police station in Northern Ireland, Belfast Telegraph reports
Image for US-Iran peace hopes fade as Trump scraps talks
US-Iran peace hopes fade as Trump scraps talks
Image for Ukraine marks 40th anniversary of Chornobyl disaster under cloud of war
Ukraine marks 40th anniversary of Chornobyl disaster under cloud of war
Image for Russia's parliamentary speaker visits Pyongyang, KCNA says
Russia's parliamentary speaker visits Pyongyang, KCNA says
View All Headlines Posts