The Italian Court must go to Russia to complete the capture of UniCredit BPM

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An Italian court must ensure that the Creditor Unicredit wants to complete the CEO of the BPC BPC Andrea, and demanded to exit Russia

The demand of Giorgia Meloni’s government “completely legal” and “there can be no doubt that it is correct,” the court decided.

However, this was partially valid for an appeal by UNICREDIT on other measures required by the novel.

On Saturday, the decision broadcast on Saturday, government recipes for the maintenance of the financial portfolio of the deposit ratio and two loans from BPM’s unification.

It is the first time managed by the Government Court against the government’s strategic significant agreement, and the decision of the judges completely revokes the current text of the government’s order.

Orcel warned the government’s demands in advance about the release of the contract.

It was not immediately clear that both sides will be complained or re-redrasted the decree to take into account the decision of the government.

It leaves this deal in Limbo. For the court, the proposal period of extended BPM is over again on July 23. The deadline may also be suspended by the regulator.

BPM, this was pleased with the results of the appeal and called on the “to clarify their intentions” in his hand in his hand.

Unicredit did not comment immediately. According to people familiar with the issue, the unicredit board will meet in the coming days.

UniCredit is the second largest loan of Italy. This has launched a simultaneous proposals for BPM and Germany’s commerzbank last year.

In 2022, he has significantly reduced Russia since the country’s full-scale occupation of Ukraine, but is one of two European loans to use a local subsidiary.

Orcel, so far refused to leave the country completely to avoid hitting a balance sheet. The output had to be allowed by the Russian government.