The merger between Banco Popolare and Banca Popolare di Milano takes another step forward: on TuesdayAntitrust gave the green light to the operation.
The two banks specify in a joint note that the Authority has communicated that it has "resolved not to proceed with the opening of the investigation into the transaction in question as it it does not give rise to the establishment or strengthening of a dominant position, such as to eliminate or reduce competition in a substantial and lasting way".
At this point all eyes are on the results of the stress test, which could give the definitive seal to the first banking integration announced in Italy after the crisis.
Even more than permissions ECB, the green disc ofNot it could in fact consecrate the union, which will be formalized in the autumn (the assemblies should take place jointly between 15 and 29 October).
The exam will be about only Banco Popolare and the market shows confidence: il Cet 1 expected to be between 9 and 10% in the adverse scenario.
Opening today the title in MY BAG del Banco Popolare gains 2,12%, to 2,504 euros, while BPM shares are up 1,28%, to 0,4275 euros.
