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Unicredit-Banco BPM approved by EU subject to branch sales

( June 19, 2025, 14:16 GMT | Official Statement) -- MLex Summary: Unicredit can buy Banco BPM after promising EU merger regulators to sell 209 branches in Italy, the European Commission said today. The remedy is meant to address concerns that the merger would lead to worse terms for deposits and loans for consumers and small businesses. The EU watchdog said it has "a particular interest in ensuring that competition is preserved in sectors such as banking and insurance" and so declined to refer the deal down to Italy's competition authority.The press release is attached....

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