Italy antitrust body approves Unipol/BPER deal with conditions

Industry: Banking 2019-07-19

Italy’s competition watchdog approved a takeover of Unipol Banca by fellow lender Banca Popolare dell’Emilia Romagna (BPER) with conditions, it said in a statement on Thursday.

It said the deal would strengthen BPER’s position in the region of Sardinia and therefore Unipol Banca should sell its branches there to an independent player.

Source: Reuters.com

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