Unipol receives ECB, Bank of Italy approval for BPER control
Unipol said the ECB and the Bank of Italy authorized it to exceed 20% ownership of BPER Banca, enabling de facto control.
Italian insurer Unipol said on Friday that the European Central Bank and the Bank of Italy have granted it authorisations to exceed 20% of BPER Banca and thereby gain de facto control of Italy's fifth-largest bank. Unipol aims to hold more than 30% of a future banking group combining BP…