Italy's Piedmont, Merrill Lynch settle dispute over 2 derivatives
MILAN, June 25
MILAN, June 25 (Reuters) - Italian region Piedmont and Merrill Lynch said on Tuesday they had settled a dispute over two derivative contracts stipulated in 2006 to cover bond issues by the region.
"The parties... have reached a completely satisfactory agreement which will avoid any long and costly legal proceedings," the parties said in a statement.
No details were given on the contracts.
(Reporting by Stephen Jewkes)