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

Reuters
22 Apr
April 22 (Reuters) - Banco BPM SpA ::
*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

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 22-APR-202506:53:22 GMT

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