BPM, BPER accelerate merger talks - report |
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Published
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Thu, 15 Feb 2007 09:50
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MILAN (AFX) - Banca Popolare di Milano and Banca Popolare dell'Emilia Romagna have been in merger talks for the past two months, but negotiations have accelerated in the last couple of weeks, the daily Il Sole 24 Ore said citing sources close to the banks.The two banks are also open to a three-way merger with Banca Popolare Italiana, if its merger plans with Banco Popolare di Verona e Novara fail, it said.BPI's shareholders are scheduled to vote on the merger on March 10.Analysts polled by AFX News said that BPER is one of the last significant tie-up opportunities remaining to BPM after unsuccessful attempts last year to take part in the consolidation of the cooperative banking sector.philip.webster@thomson.compw/jlcCOPYRIGHTCopyright AFX News Limited 2006. 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.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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BPM says no decision on possible tie-up with Italy's BPER 