Brussels vs national capitals The Commission has been in talks with Spain over the case since last year. After the complaint, the Spanish government will have two months to respond. After that, the Commission can challenge the Spanish government at the EU’s top court, in a procedure which could last years and result in major
Earlier this year Italy used foreign investment screening powers — or ‘golden power’ — to impose harsh conditions on UniCredit’s bid for BPM. UniCredit appealed the decision claiming that the conditions are disproportionate and effectively prevent it from doing the deal. The court said on Saturday that the government should review two of the conditions
It began last year, when Milanese banking giant UniCredit angered Prime Minister Giorgia Meloni’s government by attempting to take over crosstown rival BPM, which Meloni had hoped to merge with the partially bailed-out Tuscan lender Monte dei Paschi di Siena. In response, Rome deployed screening tools known as the ‘golden power’ — whose purpose is
Rome did so by invoking its “golden power,” which was originally designed to stop foreign takeovers from threatening national security. That move did not go unnoticed in Brussels, where officials opened two distinct probes into the matter, led respectively by the financial services and the competition directorates. It has also triggered an exchange under the
A Kentucky estate owned by two men accused of torturing an Italian man in SoHo over a Bitcoin password was raided by a team of investigators Tuesday. New York City cops joined federal officials and Kentucky State Police to go through a property belonging to cryptocurrency investor John Woeltz and his associate William Duplessie, according
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman has arrived in Milan, Italy, to attend the 58th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB). The 58th Annual Meeting of the Board of Governors of ADB takes place in Milan from May 4 to 7, 2025. Union Minister
CEO of investment bank suggests PIF could look at buying Milan, Inter or Juventus Marco Samaja, the CEO of the Italian branch of the international investment bank Lazard, believes that PIF could try to buy AC Milan, Inter or Juventus. The rumours of possible investment in Milan from the Middle East pop up every now