The informal and preliminary go-ahead from the ECB for the merger between Bpm and Banco Popolare has arrived. This is reported by financial sources. The operation now awaits final approval by the councils of the two institutes, which met late this morning.
Meanwhile, in Piazza Affari, the shares of Bpm and Banco Popolare and the related derivative instruments remain suspended from trading for the rest of today's session and after-hours, pending a statement from the companies. Borsa Italiana made it known.
