Italian Prime Minister Giorgia Meloni has expressed her government's readiness to intervene in the proposed acquisition of Banco BPM by UniCredit if it conflicts with Italy's national interests. This statement comes amid a backdrop of corporate and political developments in Italy. UniCredit, under CEO Andrea Orcel, is facing resistance in its interest in German lender Commerzbank, while also launching a takeover bid for its Italian rival BPM. Concurrently, Meloni has voiced her commitment to defending employment and supply chains in discussions with Stellantis, aiming to revive the Italian automotive sector. She has also indicated a desire to ensure Italian savings are controlled by institutions based in Italy, reflecting concerns over national economic sovereignty.
Italy PM says ready to act if UniCredit-BPM tie up against national interest https://t.co/HUzu4qxYT6 https://t.co/zAr06JwXqt
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