EU infringement procedure on Italy banking golden powers
UniCredit Bank
The European Commission on Friday opened an infringement procedure on Italy's use of golden powers, most notably to stop UniCredit's takeover bid for rival lender Banco BPM. The EU Commission has opened infringement proceedings against Italy for "incompatibility of discretionary powers in banking mergers with European Union law in Italy." This is what emerges from the database of measures, which does not yet contain the details of the decision, except for the title and number of the
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