14-06-2020 16:34 via uk.finance.yahoo.com

Italian bank BPER approves revised Intesa deal-source

Italian lender BPER Bancaon Sunday approved a revised deal with Intesa Sanpaoloto address antitrust issues in Intesa's takeover bid for UBI Banca , a source close to the matter said.Intesa Sanpaolo launched a bid for smaller rival UBI Banca in February but the deal ran up against antitrust hurdles.To get the green light for the bid, Intesa had struck a deal under which BPER Banca would buy up to 500 branches and about 20 billion euros (17.9 billion pounds) in assets from the new group.
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