Banco Popolare, Popolare Milano Shareholders Approve Merger

  • New bank will be called Banco BPM, have $6b market value
  • Over 70% of Popolare Milano investors voted for combination

Banco BPM: A Merger Model for Italy's Struggling Banks?

Shareholders of Banco Popolare SC and Banca Popolare di Milano Scarl approved Italy’s biggest banking merger since 2007, clearing the way to form the nation’s third-biggest lender.

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