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unicredit secures approvals for banco bpm acquisition bid

UniCredit has secured approvals from the European Central Bank and Bank of Italy for its bid to acquire Banco BPM, paving the way for Italy's securities market regulator Consob to finalize the offer document this week. The Italian bank's board has also unanimously approved a capital increase for the all-stock BPM offer, following authorization at its recent annual general meeting.
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