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Report: EU to extend deadline for sale of 4 rescued Italian banks

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Report: EU to extend deadline for sale of 4 rescued Italian banks

The EU is ready to allow Italy to sell , , and by September rather than April, Reuters reported April 13,citing Roberto Nicastro, the chairman of the four banks.

Speaking to an Italian parliamentary panel, Nicastroreportedly said the talks had been "extremely constructive" andthat the potential sale of the banks — either together or separately — hadgenerated lots of interest from domestic and international banks as well asprivate equity firms.