BPER open to consider tie-ups with rivals in Lombardy, Veneto-CEO

April 16, 2015 11:48 AM

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MODENA, Italy, April 16 (Reuters) - Italy's Banca Popolare dell'Emilia Romagna is open to consider possible tie-ups with another cooperative bank based in the nearby regions of Lombardy and Veneto, its chief executive said on Thursday.

BPER is one of Italy's 10 largest 'popolari' banks, which the government is forcing to transform into joint-stock companies. The move, which removes limits to ownership and voting rights, is expected to trigger defensive mergers.

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