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UniCredit pauses bid for Banco BPM due to Italy's restrictive conditions on the merger.
UniCredit is holding off on finalizing its bid to acquire Banco BPM after Italy imposed conditions that could restrict the combined entity's operations.
The conditions, meant to protect national interests, concern UniCredit as they may limit its decision-making and expose it to fines.
UniCredit aims to expand its position as Italy's second-largest bank but is taking time to assess the implications of these conditions.
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UniCredit suspende la oferta para Banco BPM debido a las condiciones restrictivas de Italia sobre la fusión.