Unicredit, Orcel: ‘30 days for BPM takeover bid were not enough’

Milan, 23 July (LaPresse) – ‘It wasn't eight months of battle, but of stalemate,’ and the 30 days granted by Consob ‘changed nothing: the timeframes of the Regional Administrative Court and the European Union go well beyond those 30 days, so we found ourselves in a situation where we had a burden and decided to move forward, free ourselves of that burden and accelerate, especially in Italy.’ This was stated by Unicredit CEO Andrea Orcel on Class Cnbc, the day after the withdrawal of the takeover bid for Banco Bpm and on the day of the presentation of the 2025 first half results.