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Italy: Merger not in the cards for Mediobanca, UniCredit

 |  October 28, 2013

Mediobanca CEO Alberto Nagel denied suggestions that the investment bank is headed for a merger with financial services firm UniCredit, say reports.

The executive dismissed the merger at a shareholder meeting, noting that a combining of the firms was not in the plans of either company.

According to reports, the remarks were made in response to a question by a shareholder.

Full content: Reuters

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