BRUSSELS (Reuters) – The European Union competition authorities (EU) postponed the date of rendering their decision on the redemption of unicredit targeting Banco BPM, shows the European Commission’s website, while a national surveillance organization asked to take care of the exam.
A national agency – whose origin is not cited – submitted a request on May 14, which is evaluated, shows the commission’s website.
The European Commission, which initially fixed the deadline for June 4 to make its decision, will decide by June 19 if it authorizes the operation, with or without conditions, if it opens an in -depth investigation or if it entrusts it to the national regulatory authority.
The Italian Competition Authority has refused to comment.
The Italian government has also imposed conditions on the operation under its “Golden Power”, which allows it to block or set conditions for any acquisition, Italian or foreign, a business of a strategic sector such as energy, telecommunications or, in this case, banking.
(Foo Yun Chee report, Etienne Breban, edited by Kate Entringer)
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