October 17, 2016 / 7:11 AM / in 9 months

BRIEF-Banco Popolare shares up more than 4 pct after merger approval

1 Min Read

Oct 17 (Reuters) - Italian banks:

* Shares in Banco Popolare rise more than 4 percent after a delayed opening in the wake of shareholder approval of a planned merger with Banca Popolare di Milano

* Shareholders in BPM approved the merger on Saturday, overcoming opposition from a group of retired employee-shareholders

* Shares in Banca Popolare di Milano rise 1 percent at open Further company coverage: (Reporting by Milan Newsroom)

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