According to an agency report by the EU cartel authority, the Großbank UniCredit is said to meet a takeover of the competitor Banco BPM.
The institute wanted to submit 206 branches, mainly in the north and northeast of Italy, to get the green light from the European Commission, three people of the Reuters news agency said with the matter. The step should help to secure the EU’s consent for the deal, it said.
DJG/CBR/FLF
(End) Dow Jones Newswires
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