Banco Popolare CEO Pier
Francesco Saviotti said Friday that he is hopeful the lender
will complete a merger with BPM on the weekend of February 20.
"We are hoping. We are working and we are close,"
Saviotti told reporters adding that the operation would not
involve a capital increase.
"There are some things to sort out. We are working to
close. A little more time is needed but I'm confident".
Banco Popolare's share price soared by 10.6% and BPM's
rose 6.7% after Saviotti's comments.
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