May 10 (Reuters) - Italy’s UBI Banca says:
* has finalised acquisition of three small banks, Banca Marche, Banca Etruria and CariChieti
* purchased from Italian Resolution fund
* acquisition concluded after receiving required authorisation from European Central Bank, European Commission and Bank of Italy.
* deal finalised after seller recapitalised the banks for a total of 713 million euros. The acquired banks and their units disposed of non-performing loans totalling 2.2 billion euros gross, and UBI approved increase in share capital of UBI Banca of up to 400 million euros
* Osvaldo Ranica appointed Chairman of the three banks Further company coverage: (Reporting by Milan newsroom)