BPM sees Carige, Banca Etruria as possible tie-up partners - report UPDATE |
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Tue, 04 Sep 2007 08:26
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(Updating with reports from Il Sole 24 Ore, MF about potential partners)MILAN (Thomson Financial) - Banca Popolare di Milano sees Banca Carige and Banca Popolare dell'Etruria e del Lazio as possible tie-up partners, daily Finanza & Mercati said, citing sources close to the Milan-based cooperative bank.Possible partners could also be Unipol and Banca Popolare dell'Emilia Romagna, with which BPM held merger talks earlier this year, the newspaper said.Il Sole 24 Ore said BPM might seriously consider merging with Unipol, BPER, and Unicredito Italiano, possibilities which are currently being explored by Rainer Masera, a senior banker at Lehman Brothers, which is advising BPM.MF said BPM is also mulling a possible tie-up with non-listed bank Popolare di Vicenza and Banca Monte dei Paschi di Siena.Yesterday, BPM said it has currently no contact with any group regarding possible merger talks of any kind, while last week it and Unipol denied they had been in contact with a view to possible integration of their businesses.BPM's board will meet on September 11 to approve the bank's first-half results, while its strategic committee will reportedly meet on Friday.danilo.masoni@thomson.comdm/ajb/dm/jlwCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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BPM sees Carige, Banca Etruria as possible tie-up partners - report 