January 18, 2018 / 7:13 PM / 3 months ago

BRIEF-Unicredit CEO says mergers risk delaying a bank's transformation

Jan 18 (Reuters) - UniCredit CEO Jean Pierre Mustier tells Reuters Breakingviews event:

* Benefits of consolidation and bigger scale in a merger need to outweigh the fact that integration delays the transformation of banks

* When you merge, you spend more time integrating rather than transforming, risk going back versus your competitors

* Reiterates Unicredit’s business plan based on organic growth Further company coverage: (Reporting by Milan Newsroom; Editing by Elaine Hardcastle)

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