October 2, 2019 / 10:02 AM / 2 months ago

Ubi's top shareholder urges look at merger opportunities

TURIN, Oct 2 (Reuters) - Italian lender Ubi Banca should assess possible merger opportunities with other mid-sized banks such as MPS, BPER Banca and Banco BPM , the bank’s top shareholder said on Wednesday.

“Those are all dossiers that a bank like Ubi should examine one by one, even just to rule them out,” said Domenico Genta, chairman of Fondazione Cassa di Risparmio di Cuneo, the foundation which holds around 6% of Ubi capital.

Genta added that Ubi had no concrete merger plans for the moment.

Reporting by Elvira Pollina, writing by Andrea Mandala

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