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Intesa Sanpaolo Spa announced Monday that it has taken over First Bank SA from the U.S.-based private investment fund JC Flowers & Co. thereby strengthening its presence in Central and Eastern.

Marco elio rottigniIntesa sanpaoloGiuseppe fabio ciccomascoloFirst bankJc flowers coAlliance newsFirst bank sa romaniaIntesa sanpaolo groupAlliance news is italian service ltdInternational subsidiary banksIntesa sanpaolo bank romaniaSanpaolo spaRomania where gross domestic productElio rottigniEastern europe