UBI talking to Banco Popolare among others, no deal is obvious-CEO

October 10, 2015 12:16 PM

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MILAN Oct 10 Italian bank UBI is talking to Banco Popolare among others about a possible tie-up but no deal is "obvious", CEO Victor Massiah said on Saturday.

UBI is one of 10 Italian cooperative lenders affected by a government reform that is expected to lead to a wave of mergers among mid-sized domestic banks.

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