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Reports: Capitalia core group of shareholders approves plan to merge with Unicredit

Reports: Capitalia core group of shareholders approves plan to merge with Unicredit

A core group of controlling shareholders of Capitalia SpA approved a planned merger with Unicredit SpA on Sunday, news reports said, before board members of both banks held meetings which were widely expected to seal the deal to create Europe's second-largest bank.
The Italian news agency ANSA reported from Milan that Unicredit's board, after a nearly five-hour meeting, gave its approval to the merger. Sky TG24 and the Apcom news agency also reported Unicredit's board had given its approval. A Unicredit official, saying the meeting had just ended, could not immediately confirm the reports.


Updated : 2021-10-23 22:11 GMT+08:00