UniCredit scores partial win in legal battle to acquire Banco BPM

3 hours ago 1
Unicredit Tower in Milan, Italy

boggy22/iStock Editorial via Getty Images

A court in Italy has ruled against several restrictions placed on UniCredit (OTCPK:UNCFF) by the country's government, aiming to block its unsolicited $16B bid to acquire the rival banking group, Banco BPM (OTCPK:BNCZF).

According to the ruling published on Saturday, the

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