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Banco Popolare CEO says not interested in any tie-up
August 27, 2013 / 5:58 PM / 4 years ago

Banco Popolare CEO says not interested in any tie-up

MILAN, Aug 27 (Reuters) - The chief executive of Banco Popolare said on Tuesday the Italian bank had no interest in a possible tie-up, denying a press report that the bank had had informal contacts with domestic peer Banca Popolare di Milano about possible consolidation in the sector.

“I have my own house to think about, I need to further strengthen it, I have no contacts and no interest for possible tie-ups,” Chief Executive Pier Francesco Saviotti said during a conference call.

Reporting by Andrea Mandala and Silvia Aloisi, editing by Valentina Za

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