Popolare Milano CEO says will start assessing possible tie-ups

April 11, 2015 1:40 PM

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MILAN, April 11 (Reuters) - Banca Popolare di Milano will start looking at possible tie-ups after its shareholders met on Saturday to approve 2014 results, the chief executive of the Italian cooperative lender said.

Like other large Italian cooperative banks targeted by a recent government reform, Popolare di Milano needs to convert into a joint-stock company. The move is seen spurring mergers among banks which seek to increase their size and profitability.

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