Sunday, May 20, 2007

UniCredit, Capitalia about to create bank giant

(Reuters) - Long seen as one of Italy's last banking gems up for grabs, Capitalia's fate looks to be sealed in the hands of a domestic suitor after persistent speculation that it could be bought by a foreign bank looking for a foothold in Italy.




Financial sources have said the boards of both banks are meeting on Sunday to give a green light to the deal, which is expected to be an all-share offer.


Read more at Reuters.com Business News

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