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UBI not ruling out tie-up with Monte dei Paschi: CEO

Published Sun, Apr 26, 2015 · 09:50 PM
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Bergamo, Italy

UBI, Italy's fifth-biggest bank, does not rule out a tie-up with troubled Monte dei Paschi di Siena but will not be pushed into an unwanted deal, its chief executive said on Saturday.

UBI is one of 10 cooperative banks that the government is forcing to convert into joint-stock companies within 18 months.

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