MILAN (Reuters) – Banco BPM (MI:) rules out any tie-ups for the moment given uncertain market conditions, CEO Giuseppe Castagna said on Saturday when asked about the bank’s interest in rivals Carige (MI:), UBI Banca (MI:) or Monte dei Paschi (MI:).
“The macro-economic uncertainty and the situation in the banking sector are such that make us exclude any further tie-ups for the moment, even though we believe there is still space for further consolidation in the sector in future,” Castagna told Il Messaggero daily in an interview.
Banco BPM, which is Italy’s third largest bank and created in 2017 from the merger of Popolare di Milano and Banco Popolare , could not immediately be reached for comment.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.