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BRIEF-Banco BPM to partially reimburse investors who opted out from merger
May 11, 2017 / 7:08 PM / 4 months ago

BRIEF-Banco BPM to partially reimburse investors who opted out from merger

May 11 (Reuters) - Italian lender Banco BPM says:

* to limit reimbursement for investors who have exercised the right to withdrawal when Banca Popolare di Milano merged with Banco Popolare to create Banco BPM

* will only pay 14.57 million euros to investors who have opted out from merger

* partial reimbursement will have to be approved by the European Central Bank

* offers to buy back bonds issued by BPM, Banca di Legnano, Cassa di Risparmio di Alessandria for up to 200 million euro Further company coverage: (Reporting by Milan newsroom)

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