Wednesday, May 16, 2007

Capitalia, UniCredit poised to create Italian giant

(Reuters) - Both banks confirmed a potential deal was in the works late on Tuesday after speculation over an imminent deal gathered momentum over the past week, sending Capitalia shares to an all-time high.

Capitalia said no agreement has been reached yet, but sources familiar with the situation told Reuters they expect a deal as early next week. The Rome-based bank is also expected to hold a board meeting next week when its chairman will brief board members about the talks, a source has said.


Read more at Reuters.com Mergers News

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