BPM CEO rules out 3-way tie up involving Monte Paschi

January 25, 2016 8:55 PM

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MILAN Jan 25 Banca Popolare di Milano (BPM) has ruled out the idea of a three-way tie-up involving Banca Monte dei Paschi di Siena, according to comments attributed to the lender's CEO on Monday and later confirmed by a spokeswoman.

"I have never spoken about this ... there are two paths and that's it," Giuseppe Castagna was quoted saying by Italian newswire AGI.

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