Italy's largest bank, UniCredit, has said it will walk away from a takeover deal of Banco BPM SpA if the smaller rival persuades its shareholders to approve an increase in bid for Anima Holding SpA.

Banco BPM SpA Chief Executive Officer Giuseppe Castagna received a boost as shareholders voted to give him broader powers in his pursuit of asset manager Anima Holding SpA. An overwhelming ...

Italy's largest bank, UniCredit, has said it will walk away from a takeover deal of Banco BPM SpA if the smaller rival persuades its shareholders to approve an increase in bid for Anima Holding SpA.