BPM meaning

In this issue: UK mergers UK antitrust UK subsidy control UK competition policy EU antitrust EU mergers EU State aid EU market studies New and updated content Daily and weekly news alerts Caselex UK mergers Government consults on further changes to the draft Enterprise Act 2002 (Mergers Involving Newspaper Enterprises and Foreign Powers) (No 2) Regulations The Department for Culture, Media and Sport (DCMS) has published a consultation on proposed further amendments to the Enterprise Act 2002 (Mergers Involving Newspaper Enterprises and Foreign Powers) Regulations 2025 (the Regulations). Through changes to the Enterprise Act 2002, the Digital Markets, Competition and Consumers Act 2024 introduced a foreign state intervention (FSI) regime for newspapers and periodic news magazines, preventing foreign state ownership, control, or influence over these publications. The Regulations carry forward the government’s decision to provide narrow exemptions to the FSI framework. Under the proposals, defined state-owned investors (SOIs) could hold up to...

Mergers The Commission has received notifications for: Brasserie Nationale/Boissons Heintz (M.11485) — ordinary merger procedure Madison Dearborn Partners/Schoeller Group (M.12012) — simplified merger procedure (re‑notified after the original notification was withdrawn on 18/11/2024) In Unicredit/Banco BPM (M.11830), commitments have been offered during the phase I review Note—For all ongoing merger investigations before the Commission, see EU mergers—ongoing cases tracker. State aid An appeal has been filed before the Court of Justice in Case C-348/25, PGI Spain and Others v Commission, challenging the General Court’s judgment in Case T-596/22, which dismissed an action to annul the Commission’s decision in State aid Case SA.102454—MIBEL fossil fuel cost adjustment mechanism Note—For every live State aid appeal before the Court of Justice, see Court of Justice State aid appeals—ongoing cases tracker. Upcoming dates For dates of forthcoming EU competition developments, please refer to the EU Competition calendar...

State aid General Court dismisses Ryanair’s action against Commission’s readopted decision approving rescue aid to TAP SGPS in the context of the COVID-19 pandemic The General Court has handed down its judgment in Case T-743/21, Ryanair v Commission (TAP II; aide au sauvetage; COVID-19), which concerned a challenge to the Commission’s readopted decision of 16 July 2021 approving rescue aid for Transportes Aéreos Portugueses SGPS (TAP SGPS) (SA.57369) (the Commission’s readopted 2021 decision). The Court dismissed Ryanair’s action, thereby upholding that readopted decision... Background In 2020, Portugal notified the Commission of an aid measure for TAP SGPS, set up either as a State loan or as a combination of a loan with a State guarantee, with a maximum amount of €1.2bn. The measure aimed to keep TAP, the parent company and 100% shareholder of Transportes Aéreos Portugueses SA (TAP), operating for six months, between July and December 2020. It concerned a loan agreement concluded with Portugal as lender, TAP Air Portugal as borrower, and TAP as guarantor...

Statutory nuisance leading to abatement notice A local authority is required to periodically examine its district for statutory nuisances, and when a resident submits a complaint, it must take all reasonably practicable steps to investigate it. A statutory nuisance may arise where any of the following are, or are likely to be, prejudicial to health or a nuisance: the condition or physical state of premises smoke, fumes or gas released from premises, a vehicle, machinery or equipment in a street dust, steam or odours originating from business, industrial or trade premises refuse, or any accumulation or deposited material noise arising from any premises, vehicle, machinery or equipment in the street For further detail on the above, see Practice Note: Statutory nuisance. A statutory nuisance can also be abated, limited or prevented by a nuisance order made by the magistrates’ court, following proceedings brought by an aggrieved person. This sits outside the scope of this Practice Note; for that,...

CASE HUB See further, timeline. Case facts Outline of the European Commission’s investigation into whether Italy’s choice to adopt a Decree by the Italian Prime Minister, imposing specific obligations in relation to the acquisition of BPM by UniCredit (M.12052), amounts to an infringement of Article 21 EUMR (M.10494). Latest developments On 14 July 2025, the Commission issued its preliminary decision, concluding that Italy’s issuance of a Prime Ministerial Decree setting obligations linked to UniCredit’s acquisition of BPM constituted a breach of Article 21 EUMR. Parties UniCredit S.p.A. (Unicredit) Based in Milan, UniCredit provides retail, commercial and private banking, together with insurance and asset management services. It is principally active in Italy, Germany, and Central and Eastern Europe. It also maintains a modest presence in the UK and the US. In Italy, UniCredit is the second largest banking group by assets and is a public company with shares listed on the Milan, Frankfurt and Warsaw stock exchanges. Banco BPM S.p.A (BPM)...