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7 months ago
BRIEF-Shares in newly merged Banco BPM close up 9 pct on first day of trading
January 2, 2017 / 4:41 PM / 7 months ago

BRIEF-Shares in newly merged Banco BPM close up 9 pct on first day of trading

1 Min Read

Jan 2 (Reuters) - Banco BPM:

* Shares in the newly merged bank close up 9 percent on first day of trading

* Italy's banking index closes up 2.25 percent

* Banco Popolare and Banca Popolare di Milano agreed last year to merge to create Italy's third-largest bank with 170 billion euros in assets and an 8 percent market share, in the first deal prompted by a government reform of large cooperative banks. Further company coverage: (Reporting by Milan newsroom)

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