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BANCA POPOLARE DI VERONA
Popolare di Verona says tight timetable does not favour Cattolica deal - UPDATE FinanzNachrichten MILAN (AFX) - Banco Popolare di Verona e Novara ( Nachrichten ) CEO Fabio Innocenzi said the tight timetable to complete talks on a partial merger with Cattolica ( Nachrichten ) Assicurazioni SpA does not favour an agreement. The European Financial Management & Marketing Association EFMA Shortly after the announcement of the merger between Banco Popolare di Verona e Novara and Banco Popolare Italiana, two other Italian banks have announced that they are planning to merge. The mutual bank Banca Popolari Unite (BPU) is to buy the privately owned Banca Lombarda. Popolare di Verona says tight timetable does not favour Cattolica merger deal Sharewatch Speaking in a conference call, Innocenzi said the talks are in its very last days, while the deadline for a deal outcome is later this month. \"The time constraint is tight. Popolare di Verona 9 mths net in-line, up on higher revenues, cost controls Sharewatch Net profit rose 26.9 pct to 569.1 mln eur, from 448.4 mln, operating profit was up 31.1 pct to 973.7 mln, from 742.4 mln, and total revenues up 12.5 pct to 1.981 bln, from 1.761 bln, the bank said. OUTLOOK Popolare di Verona Q3 net up on revenue rise, cost controls Sharewatch Net profit is seen at 165-175 mln eur, against 158 mln in the same period a year earlier, operating profit 305-316 mln, against 275 mln, and total revenues 649-653 mln, from 614 mln, they said. BPU Banca to Buy Banca Lombarda Washington Post MILAN, Italy -- Banche Popolari Unite SCARL is buying Banca Lombarda e Piemontese SpA in a 6.2 billion euro ($7.9 billion) stock deal to create Italy's sixth-largest bank by assets, accelerating the consolidation of the nation's fragmented banking sector. European Stocks Rally Stalls This Week on U.S. Growth Concern Bloomberg.com Nov. 18 (Bloomberg) -- European stocks failed to sustain this week's gains after a report in the U.S. showed the slowest pace of new-home construction since July 2000, reviving concern housing is weighing on growth in the world's biggest economy. Popolari Unite Agrees to Buy Banca Lombarda for EU6.15 Billion Bloomberg.com Nov. 14 (Bloomberg) -- Banche Popolari Unite Scrl agreed to buy Banca Lombarda SpA for 6.15 billion euros ($7.88 billion) in stock to form a bank with Italy's fourth-largest branch network. BPU Banca to Buy Banca Lombarda IWon - Money MILAN, Italy (AP) — Banche Popolari Unite SCARL is buying Banca Lombarda e Piemontese SpA in a 6.2 billion euro ($7.9 billion) stock deal to create Italy's sixth-largest bank by assets, accelerating the consolidation of the nation's fragmented banking sector. Popolari Unite Agrees to Buy Banca Lombarda for EU6.15 Billion Bloomberg.com Nov. 13 (Bloomberg) -- Banche Popolari Unite Scrl agreed to buy Banca Lombarda SpA for 6.15 billion euros ($7.88 billion) in stock to form Italy's fourth-largest bank by branches.
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