UniCredit Appeals Ruling Over Italy’s Demands for Banco BPM Deal

UniCredit SpA appealed a court ruling related to its failed bid for Banco BPM SpA that left in place some of the conditions imposed by the government for a deal to go ahead.

The bank’s board has decided to appeal as a way to clarify the regulatory framework for future consolidation moves, people familiar with the matter said, asking to not be named discussing private information. It is also intended to protect the bank against any future complaints from investors, and to show that it doesn’t pose a national security concern that would warrant the use of Rome’s so-called Golden ...