The Italian cabinet has conditionally approved Unicredit's public share swap offer for Banco BPM, with sources from Forza Italia voicing strong legal concerns to Il Sole 24 Ore on Friday.
During the meeting, the party’s delegation formally questioned the use of the government’s golden power in this operation. Golden power rules let authorities intervene in deals involving strategic sectors.
Despite the reservations, the deal moves forward under conditions set by the government.