Resolutions by the Antitrust Authority relating to Unipol's PTO on BNL

With reference to the operation to acquire control of Banca Nazionale del Lavoro S.p.A. (‘BNL’) launched by Unipol Assicurazioni through the mandatory Public Tender Offer on 1,836,325,334 BNL’s ordinary shares, it is hereby stated that the Antitrust Authority (‘ATA’), which was convened today, resolved – in its capacity as the competent authority – not to open the preliminary investigation on the aforesaid operation, since it does not either set up or strengthen any dominant position that could weed out or considerably and lastingly reduce competition.
The assessment by ATA concerned asset-management (investment funds and private asset-management) markets and Class I, III and V life insurance markets.