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BRIEF-UBI to buy 3 small banks only it creates value for shareholders
October 3, 2016 / 7:51 AM / in 10 months

BRIEF-UBI to buy 3 small banks only it creates value for shareholders

Oct 3 (Reuters) - Head of UBI supervisory board Andrea Moltrasio says:

* bank will buy three of the four small lenders rescued in a government-sponsored scheme last year only if deal creates value for its own shareholders

* bank is not in a position to bail out other banks

* confirmed CEO Victor Massiah will attend meeting with economy minister, Bank of Italy governor and CEOs of UniCredit and Intesa Sanpaolo later on Monday Further company coverage: (Reporting by Milan newsroom)

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