JOINT NEWS RELEASE
MERGER BETWEEN BANCO POPOLARE AND BPM: RECEIVED ANTITRUST CLEARANCEVerona - Milan, 26 July 2016 - With regard to the merger plan between Banco Popolare - Società Cooperativa and Banca Popolare di Milano S.c. a r.l., to be implemented through the creation of a new banking joint-stock company, we announce that today the Italian Competition and Markets Authority (Autorità Garante della Concorrenza e del Mercato - "AGCM") has notified the issuance of the antitrust clearance, pursuant to art. 16, paragraph 4, of Law no. 287 of 10 October 1990.
Notably, the AGCM communicated that it has "resolved not to start an investigation on the deal under examination, as the merger does not give rise to the creation or strengthening of a dominant position that could eliminate or substantially reduce competition on a lasting basis".
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For further information:
Banco Popolare Media RelationsMarco Grassi
Investor RelationsTom Lucassen
T +39 045 8675048 / 183 / 381 / 121 T +39 045 8675537
ufficio.stampa@bancopopolare.it
@bancopopolare
Banca Popolare di Milano Investor Relations & ResearchRoberto Peronaglio
+39 02.77.00.2057
investor.relations@bpm.it
investor.relations@bancopopolare.it www.bancopopolare.it (IR section)
Communication Press officeMatteo Cidda Monica Provini
+39 02.77.00.7438 +39 02.77.00.3515
matteo.cidda@bpm.it monica.provini@bpm.it
BPM - Banca Popolare di Milano Scarl published this content on 26 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 July 2016 19:29:10 UTC.
Original documenthttp://www.gruppobpm.it/en-ist/press-media/press-release/2016/2016_07_26_BPM_banco_nulla_osta_eng/allegato1/2016_07_26_BPM_banco_nulla_osta_eng.pdf
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