BPER Banca may consider merger with Creval and Unipol Banca – report (translated)
23 JAN 2017
The Italian bank BPER Banca [BIT: BPE] may consider a merger with two other Italian banks Creval [BIT:CVAL] and Unipol Banca, CorrierEconomia reported.
The unsourced Italian-language report said that Alessandro Vandelli, BPER’s chief executive, is interested in the market where Creval operates and Creval wants to increase its size.
A potential merger would create the sixth banking group in Italy with more than 2,000 branches.
The item noted that Creval has 500 branches while Unipol Banca has 269 branches.