Iccrea: Pastore says observatories are at risk, but we will consider acquiring service centres

All eyes on Intesa-MPS and Banco BPM-Agricole

(Il Sole 24 Ore Radiocor) - “‘We are watching the current game of Risk unfold as spectators, but at the same time, as we believe that the regions are always our preferred location, if’ the competition law obligations mean ‘that banks have to sell branches, we will be watching very closely and, if we deem it appropriate, we will take part in the relevant tenders’. This was stated by the Director-General of Iccrea, Mauro Pastore, on the sidelines of a Bcc Arte & Cultura event in Milan. “You’ve already seen this when there were surplus branches in the BPER-Sondrio deal; you’ve seen it with Banca Popolare di Bari; and we’ll do the same should a similar situation arise in these two other cases as well,” he added, referring to Intesa Sanpaolo’s OPAS for MPS and the proposed merger between Banco BPM and Crédit Agricole Italia.

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