November 21, 2018 / 7:04 AM / 6 months ago

UniCredit declines comment on talk of plan to split foreign, domestic business

FILE PHOTO: The Unicredit headquater (C) is seen at Porta Nuova's district downtown Milan, Italy, January 13, 2016. REUTERS/Stefano Rellandini/File Photo

MILAN (Reuters) - UniCredit (CRDI.MI) declined to comment on a newspaper report on Wednesday it is studying a plan to split its domestic and foreign operations to protect shareholders from Italy-related risk.

According to financial daily Il Sole 24 Ore, UniCredit management has examined a plan that the paper said was probably pitched by an investment bank.

“The bank does not comment on market rumour and speculation,” a UniCredit spokeswoman said.

Reporting by Gianluca Semeraro and Stephen Jewkes

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