June 3, 2019 / 6:23 AM / 4 months ago

Banco BPM CEO says new business plan will include M&A - paper

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below