Orcel defends UniCredit's appeal against golden power
Italia
UniCredit CEO Andrea Orcel on Wednesday defended the bank's decision to appeal to Italy's highest administrative court against the government's use of golden powers to set conditions for its aborted takeover bid for rival lender Banco BPM. UniCredit is appealing to the Council of State after the Lazio Regional Administrative Court (TAR) said that the government's use of the powers in the operation was legitimate in part. Speaking at Bloomberg's Future of Finance event, Orcel dismissed
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