January 13, 2014 / 5:40 PM / 4 years ago

Italy's Banca Spoleto still in talks to find buyer

MILAN (Reuters) - Italian small-sized lender Banca Popolare di Spoleto BPSP.MI, which has been put under special administration by the Bank of Italy, denied on Monday it had reached a deal to be bought by peer Banco di Desio e della Brianza.

In a statement, Spoleto’s special administrators said talks to find a buyer were still under way.

Italian newspaper Corriere della Sera said over the weekend that a deal with Desio could be announced by the end of January.

Reporting by Stephen Jewkes

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