MILAN, June 3 (Reuters) - Italian retail bank Banco BPM Chief Executive Giuseppe Castagna said on Monday that M&A will be part of its new business plan, which is expected in autumn.
“It’s inevitable. However it is necessary to have a clearer political and macroeconomic environment in order to understand where Italy is going”, Castagna told Italian newspaper Affari&Finanza.
Banco BPM would look to the areas of Piedmont, Lombardy, Veneto and Emilia-Romagna in case of a deal, Castagna added.
Reporting by Gianluca Semeraro; editing by Giselda Vagnoni