MILAN, April 27 Popolare di Vicenza Chairman
Gianni Mion expects the European Commission to complete by
mid-May its assessment of a state aid request put forward by the
Italian bank and rival Veneto Banca.
"Everything leads us to think that the conclusion of the
exam may take place by mid-May," Mion told Reuters on the
sidelines of an event.
He also said the restructuring and merger plan that the two
ailing banks have submitted to EU competition authorities to be
able to tap state funds envisaged cutting 200 branches in total,
confirming a press report.
The two banks together have around 980 branches.
(Reporting by Elisa Anzolin, writing by Valentina Za)