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BPER Banca to absorb unit

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BPER Banca to absorb unit

The board of BPER Banca SpA approved draft terms of a merger by absorption with its unit BPER Services – "Società Consortile per Azioni."

The Italian banking group said Jan. 11 that the merger is part of its intervention plan that would trim BPER Banca Group's legal entities, thereby improving operating efficiency and creating cost-revenue synergies.